What is a DAF?
A donor advised fund (DAF) is a specialized financial account used for charitable giving. It allows individuals to make a charitable contribution, receive an immediate tax deduction and then make grants to 501(c)(3) organizations over time.
The money in a DAF can also grow tax free and be donated at any time in the future - there are no time limits or distribution requirements for DAFs today.
What are the benefits of a DAF?
Anyone can set up a DAF - either through companies that provide banking services (Fidelity, Vanguard, Schwab, etc.), newer startups dedicated to DAFs (Daffy, Charityvest, Groundswell, etc.) or often through local community foundations.
AHS has partnered with Chariot, a secure service that makes requesting a grant to AHS from your DAF a matter of just three clicks, right from our website.
How does Chariot work?