Donor advised funds (DAFs) are innovative investment vehicles established by independent 501(c)(3) charitable organizations. The donor (aka investor) makes a tax-deductible contribution to the 501(c)(3) organization.
That contribution is then invested, with the donor, and/or their advisor, selecting investment options from a menu of pre-selected investment vehicles. Donors with significant assets – typically $500,000 or more, can craft their own custom investment strategy. The donor decides when and how much of their investment to give away to worthy causes.
Donor advised funds offer many of the advantages of a private foundation without the costly set-up and administration.
First Affirmative offers its clients a donor advised fund in conjunction with Impact Assets, an independent 501(c)(3) organization. To learn more, contact us.