Donor Advised Funds (DAFs) - a Simple, Smart & Meaningful Way to Support Your Favorite Causes and Charities
Donor Advised Funds can be set up easily to accomplish both tax savings and charitable giving goals. Most people think they need to have a big sum of money before considering setting up their own family charitable fund. But Donor Advised Funds are the most popular charitable vehicles for donors at many levels of wealth. You can start your own donor advised fund with as little as $10,000. I generally recommend a minimum of $50,000 to my clients if they plan to request grants from the Donor Advised Funds to their charities within a short period of time, however. I would like to discuss how to use DAFs in various situations in this article.