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Text of the page (random words):
donor advised fund wikipedia jump to content main menu main menu move to sidebar hide navigation main page contents current events random article about wikipedia contact us contribute help learn to edit community portal recent changes upload file special pages search search appearance donate create account log in personal tools donate create account log in contents move to sidebar hide top 1 details 2 history 3 see also 4 references 5 further reading 6 external links toggle the table of contents donor advised fund 1 language français edit links article talk english read edit view history tools tools move to sidebar hide actions read edit view history general what links here related changes upload file permanent link page information cite this page get shortened url switch to legacy parser print export download as pdf printable version in other projects wikidata item appearance move to sidebar hide from wikipedia the free encyclopedia charitable giving vehicle the neutrality of this article is disputed relevant discussion may be found on the talk page please do not remove this message until conditions to do so are met september 2026 learn how and when to remove this message in the united states a donor advised fund daf is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations families or individuals to participate in a donor advised fund a donating individual or organization opens an account in the fund and deposits cash securities or other financial instruments they surrender ownership of anything they put in the fund but retain advisory privileges over how their account is invested and how it distributes money to charities 1 use of a donor advised fund is a legal form of tax avoidance 2 3 4 details edit a donor advised fund is an account at a sponsoring organization generally a public charity where an individual can make a charitable gift to enjoy an immediate tax benefit and retain advisory privileges to disburse charitable gifts over time the contribution a donor makes to their donor advised fund is 100 irrevocable and destined for a final 501 c 3 organization 5 donor advised funds provide a flexible way for donors to pass money through to charities an alternative to direct giving or creating a private foundation donors enjoy administrative convenience the sponsoring organization does the paperwork after the initial donation cost savings a foundation requires around 2 5 to 4 of its assets each year to run and tax advantages versus individual giving by conducting their grantmaking through the fund 6 a donor advised fund has some disadvantages compared to a private foundation and some advantages both can accept donations of unusual or illiquid assets e g part ownership of a private company art real estate partnerships or limited partnership shares but a donor advised fund has higher deductions for these gifts depending on the gift in addition the founders or board of a private foundation have complete control over where its giving goes within broad legal bounds in a donor advised fund the donor only advises the sponsoring organization where the money should go while rare a sponsoring organization could conceivably ignore the donor s intent in addition most donor advised funds can give solely to irs 501 c 3 organizations or their foreign equivalents this rules out for example most kinds of donations to individuals and scholarships both things a private foundation can do more easily as well it precludes donations to political campaigns lobbying organizations etc donor advised funds do reap a significant cost advantage foundations carry a 2 5 4 of assets overhead expense to maintain a 1 2 excise tax on net investment earnings and a required 5 spending of assets each year but may also have one more drawback a limited lifetime although this varies depending on the sponsor american endowment foundation for example allows successor advisors in perpetuity 7 while a foundation can persist for generations or in perpetuity some sponsoring organizations impose a sunset on donor advised funds after which they collapse individual funds into their general charity pool 8 because a public charity houses the fund donors receive the maximum tax deduction available while avoiding excise taxes and other restrictions imposed on private foundations further donors avoid the cost of establishing and administering a private foundation including staffing and legal fees the donor receives the maximum tax deduction at the time they donate to their account and the organization that administers the fund gains full control over the contribution granting the donor advisory status as such the administrating fund is not legally bound to the donor but makes grants to other public charities on the donor s recommendation drexel university environmental sociologist robert brulle who has studied networks of nonprofit funding described donor advised funds 9 in this type of foundation individuals or other foundations contribute money to the donor directed foundation and it then makes grants based on the stated preferences of the original contributor this process ensures that the intent of the contributor is met while also hiding that contributor s identity because contributions to a donor directed foundation are not required to be made public their existence provides a way for individuals or corporations to make anonymous contributions whitney ball co founder and executive director of the donor advised fund donors trust described donor advised funds 10 a donor advised fund begins with a donor contributing cash or assets to a public charity which in turn creates a separate account for the donor who may recommend disbursements from the fund to other public charities technically the charity that sponsors the fund has the final say on the disbursements and it is legally required to ensure they go only to charitable purposes but in normal circumstances the original donor s requests will be followed since 2010 some donor advised funds have become less like traditional foundations the simultaneous growth of dafs 11 and online giving 12 led to funds such as the now defunct charitybox 13 non primary source needed that were run by start up companies through a web mobile platform history edit the new york community trust pioneered donor advised funds in 1931 and the second such fund was created in 1935 14 since then commercial sponsors educational institutions and independent charities have started offering the service as of 2015 update donor advised funds were the fastest growing charitable giving vehicle in the u s more than 269 000 donor advised accounts held over 78 billion in assets 15 see also edit charitable organization donor managed investment account foundation charity endowment tax references edit wealthy use loophole to reap tax breaks and delay giving away money galle brian august 6 2018 donor advised funds are swell we should still regulate them lots amerson leslie june 20 2024 unlock the secrets how political donations can impact your taxes lutz selig zeronda cpas l l p www lutzseligzeronda com ebeling ashlea stupid tax tricks forbes internal revenue service october 11 2019 donor advised funds irs website olk jennifer m richards wendy december 25 2013 choosing the right charitable vehicle a comparison of private foundations supporting organizations and donor advised funds the national law review donor advised funds at american endowment foundation www aefonline org the association of small foundations is now exponent philanthropy smallfoundations org archived from the original on 2014 02 21 retrieved 2015 03 07 brulle robert j december 21 2013 institutionalizing delay foundation funding and the creation of u s climate change counter movement organizations climatic change 122 4 681 694 doi 10 1007 s10584 013 1018 7 s2cid 27538787 the future of donor advised funds pdf philanthropy roundtable september 2005 archived from the original pdf on june 6 2013 retrieved february 10 2015 trends for donor advised funds in recent years 2015 daf report www nptrust org sharf samantha charitable giving grew 4 9 in 2013 as online donations picked up forbes charitybox archived june 22 2016 about us the winston salem foundation wsfoundation org 1919 10 14 archived from the original on 2016 03 04 retrieved 2015 03 07 charitable giving statistics nptrust 2015 02 17 retrieved 2015 03 07 further reading edit gelles david 2018 08 03 how tech billionaires hack their taxes with a philanthropic loophole the new york times retrieved 2019 06 19 external links edit fidelity charitable 2023 giving report national philanthropic trust donor advised fund report elfreena foord philanthropy 101 donor advised funds analysis of s 2020 the tax relief act of 2005 pension protection act of 2006 h r 4 choosing the right charitable vehicle a comparison of private foundations supporting organizations and donor advised funds 26 u s c 4966 d v t e charitable giving and practices main topics alms altruism charity practice compassion donation empathy fundraising humanity virtue philanthropy volunteering types of charitable organizations charitable trust registered charity foundation private crowdfunding mutual benefit nonprofit corporation non governmental organization international nonprofit organization public benefit nonprofit corporation service club social enterprise religious corporation voluntary association charity and religion offering christianity charity christian virtue dāna tithe tzedakah sadaqah zakat charity evaluation aid effectiveness animal charity evaluators candid charity assessment charity navigator charitywatch distributional cost effectiveness analysis givewell giving multiplier giving what we can greatnonprofits further topics alternative giving benefit concert caffè sospeso charity fraud charity thrift op shop click to donate site drive donor advised fund donor intent earning to give effective altruism psychological barriers ethics of philanthropy give away shop list of charitable foundations wealthiest master of nonprofit organizations matching funds telethon visiting the sick voluntary sector volunteer grant wall of kindness warm glow giving category retrieved from https en wikipedia org w index php title donor advised_fund oldid 1377770455 category charity in the united states hidden categories articles with short description short description matches wikidata wikipedia neutral point of view disputes from september 2026 all wikipedia neutral point of view disputes all pages needing factual verification wikipedia articles needing factual verification from january 2023 articles containing potentially dated statements from 2015 all articles containing potentially dated statements this page was last edited on 1 october 2026 at 01 47 utc page was rendered with parsoid text is available under the creative commons attribution sharealike 4 0 license additional terms may apply by using this site you agree to the terms of use and privacy policy wikipedia is a registered trademark of the wikimedia foundation inc a non profit organization privacy policy about wikipedia disclaimers contact wikipedia legal safety contacts code of conduct developers statistics cookie statement mobile view search search toggle the table of contents donor advised fund 1 language add topic