Private foundations are a great way to give. And many foundations use multiple giving vehicles to accomplish their charitable goals. One of these vehicles is donor advised funds (DAFs).
This primer looks at how DAFs work and how your foundation can use DAFs to further its philanthropic goals. It covers:
- How DAFs differ from private foundations.
- How DAFs and foundations can be used in tandem.
- What steps to take when opening a DAF.
With this primer, professional advice as needed, and a bit of care and attention, you can be confident that you’ll make sound decisions about when, whether, and where to open a DAF.