What is a DAF?
A donor-advised fund (DAF) is a centralized charitable account. It allows charitably-inclined individual, families, and businesses to make tax-deductible charitable donations of cash, publicly-traded stock and in some cases, certain illiquid assets, to a public charity that sponsors a DAF program.
A donor advised fund (DAF) is a charitable giving program that allows you to combine the most favorable tax benefits with the flexibility to support your favorite causes.
If you have a donor advised fund, DAF Direct enables you to recommend grants to this nonprofit directly from your DAF (as long as your DAF’s sponsoring organization is participating).