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 (more…)