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What is a DAF?
TL;DR
A donor-advised fund (DAF) is a tax-efficient financial account used for the purpose of charitable giving. It allows donors to make a charitable contribution, receive an immediate tax deduction and then recommend grants (that become donations) to 501(c)(3) charities over time.
They are no longer just a tool for the wealthy: DAFs are quickly gaining mainstream adoption growing from 7% to 15% of philanthropy in 5 years. The number of DAF accounts has quadrupled over the last 4 years while total DAF donations have grown 10x faster than the overall charity market, at close to 40% YoY.
Want to learn more about DAFs? Click here.
Current State of Donor Advised Fund Donations
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Watch this video to see current DAF donation process
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Although DAF dollars can only be used for charitable causes, ironically, donors are unable to pay with them on a nonprofit’s donation form.
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Every redirect, click, or webpage is an opportunity for a donor to disengage
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