WHAT IS A DONOR ADVISED FUND?
A donor advised fund is a type of charitable giving program that allows you to combine the most favorable tax benefits with the flexibility to support your favorite charities at any time. Once you deposit money in to a donor advised fund, it becomes an irrevocable donation and you benefit from an immediate tax deduction.
A donor advised fund (DAF) is a charitable giving vehicle wherein an individual, family or corporation makes an irrevocable, tax-deductible contribution of personal assets to National Philanthropic Trust, and at any time thereafter can recommend grant distributions from that account to qualified charitable organizations. NPT’s pools donations with other donors’ contributions, invests them according to the donors’ investment selection, and makes grants to qualified charitable organizations based upon the recommendations of donors.