Donor Advised Funds

I had not heard of donor-advised funds until I read about them quite recently. They are funds similar to private foundations, where the donor can advise where his or her money is to go. Say you have a few millions, instead of donating them straight to a charity, you can give them to a DAF and instruct them where to disburse the money. Perhaps a family member has had cancer raising your interest in the disease and you would then specify the money is to go to a cancer charity, or as I understand it, a specific organization. These funds have recently come to attention because of an article written in the New York Review of Books stating that they interfere with Continue reading “Donor Advised Funds”