Understanding the Basics of Donor-Advised Funds


Donor-advised funds (DAFs) have become increasingly popular with donors in recent years. Contributions and grants are at an all-time high, with $23 billion and $16 billion, respectively, reported in 2017. This giving approach allows donors to make a charitable contribution upfront, receive immediate tax benefits, and then make grant recommendations over time. It goes to show how important it is for nonprofits to better understand and be prepared for these charitable vehicles. On April 26th, The Chronicle of Philanthropy will be hosting a two-part webinar to cover the basics of DAFs, the role the organization plays, and the best policies and systems to have in place in order to better accommodate them. For more information and to purchase your early bird ticket, go HERE.