According to an article in The Chronicle of Philanthropy, Donor-Advised Funds (DAFs) have been growing in popularity over the last few years. Fidelity Charitable, the country's largest DAF, now has more assets than the Robert Wood Johnson Foundation, the nation’s third-largest grant maker.
Donor-advised funds are becoming increasingly popular because they provide an immediate tax benefit and they can be established with cash, stock and other assets including a car, for example. Donors can then recommend charities to receive grants from their fund. Ultimately, DAFs provide flexibility and convenience to charitable giving which was not available before.
|Our DAF Widget|
Available on every rated charities page
For your ease and convenience, Charity Navigator now has a DAF widget on our site that allows grants from Fidelity Charitable and Schwab Charitable to be made to rated charities on our site.