What is a Donor-Advised Fund (DAF)?
A donor-advised fund is a charitable investment account where you can deposit assets that you intend to donate to nonprofit organizations over time. Individuals and families alike can manage their charitable giving this way.
You can establish a DAF with the help of a sponsoring organization, typically community foundations or financial service companies like Fidelity, Schwab, and Vanguard. You’ll activate the DAF by making an irrevocable contribution to the fund, which is immediately tax-deductible, and advise the account manager to issue donations from the fund to your charities of choice. The selected charities then receive their donations in the form of a grant.
If you or your family currently make charitable gifts through a donor-advised fund at Fidelity Charitable, Schwab Charitable, or BNY Mellon, you can grant one to the Greenway Trust directly using the form below!