What is a donor-advised fund (DAF)?

A donor-advised fund, or DAF, is like a charitable investment account for the sole purpose of supporting charitable organizations you care about.

What is a donor-advised fund?

These organizations, promoted as donor-advised funds, appear to be established for the purpose of generating questionable charitable deductions, and providing impermissible economic benefits to donors and their families (including tax-sheltered investment income for the donors) and management fees for promoters.

Can I write off contributions to a donor-advised fund?

The limit for deducting contributions to a donor-advised fund is 60% of your AGI. You won’t be able to write off any contributions exceeding that amount. A donor-advised fund is a private fund administered by a third party to manage charitable donations for an organization, family, or individual.