A donor-advised fund, or DAF, is an investment account for charitable donations. The fund is held and administered by a 501(c)(3) public charity – in this case, Greater Horizons. Your clients contribute to the fund and request grants from the fund to support their favorite charitable causes. If you are the fund’s investment manager, you oversee the investments, help your clients donate assets to the fund, and ensure there is sufficient liquidity to cover your client’s grants and pay the fund’s monthly administrative fees.
