A Donor Advised Fund (DAF) is a private fund created expressly for charitable giving and is the most rapidly growing form of philanthropy. Establishing a DAF is like creating your own personal charitable foundation, but without the administrative work. It’s a simple process of depositing the amount you would like to donate into your DAF and then transferring those funds at any time to the charity of your choice.
A Donor Advised Fund allows you to manage your charitable giving simply and efficiently. Working with a financial institution (such as Fidelity, Schwab, or Vanguard), you can create a fund in your name or in the name of a loved one. You then recommend distributions from your fund both for Audubon programs and to other charitable organizations, on your own timetable - no more year-end rush. You can involve family members in the process or give them the right to recommend distributions, encouraging them to become responsible philanthropists themselves.
You incur none of the legal, administrative, or reporting requirements with a donor advised fund that you do with a private foundation, and the assets in your fund may grow tax-free. Your financial institution administers the fund, writes the checks, and makes the distributions in your fund's name. You receive regular statements from the fund’s administrator documenting your distributions, fund balance, and tax deductions.
Office of Gift Planning
National Audubon Society
225 Varick Street, 7th Floor
New York, NY 10014