Donor Advised Fund: FAQs

No. You may claim an income tax deduction for each year in which you make a gift to your donor advised fund, but you may not claim a deduction for the amounts the donor advised fund later distributes to Audubon or other charities.

Yes. When you recommend distributions from your donor advised fund, you'll be able to recommend a particular use for the funds - for example, to support Audubon's educational programs or help fund research in a particular medical field. Note, however, that you may not exercise control over the use of the funds once they are in the hands of Audubon or another charity.

Most DAFs allow for unlimited distributions throughout the year. Check with your DAF manager for other specifics they may require.

It varies depending on the DAF manager; many start at $5,000. Fees are typically less than one percent annually.

No. Once the assets are deposited, they must eventually go to a nonprofit.

No. All donations from a DAF must be considered 100 percent philanthropic, with no associated benefits to the donor.

DAF distributions may only go to public charities with a 501(c)(3) designation, such as Audubon. You should ask your DAF manager if they have any other restrictions.

You receive a charitable deduction when you deposit funds into your DAF, and your account manager issues the official tax receipt. Audubon sends additional thanks for these gifts whenever possible.