Donor Advised Fund
From CharityScorecard
(Redirected from DAF)
- Donor Advised Fund (DAF)
- A donor advised fund is an investment fund run by a community foundation or other public charity. The donor deposits money in the fund by making donations to the organization that runs the fund. The donor can't ever withdraw the funds, but the donor can recommend that specific grants be made to eligible charitable recipients. The organization that runs the fund is free to accept or reject the recommendations, although in practice these organizations accept the vast majority of recommendations made.
