WHAT IS A DONOR ADVISED FUND?
A donor advised fund is a charitable investment account for the sole purpose of supporting your favorite charities. The holder of your donations is considered an official IRS sponsoring organization. Once you open the account and deposit cash, securities or other financial instruments, the organization has legal control over those funds and you generally receive an immediate tax deduction. You can direct the funds to the charity of your choice as long as it is an IRS-qualified public charity.