Making $7.7 billion in grants to charities in 2011, and holding more than $37.4 billion at year-end, donor-advised funds (DAFs) are now a major player in U.S. philanthropy.
A DAF is an investment account administered by a charity or investment organization. A donor opens a DAF by making a contribution, and receives an immediate income tax [... click on the headline and get the full article ...]
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