The Associated currently manages more than 400 donor advised funds (DAFs), also known as philanthropic funds. Charitably-inclined individuals and families commonly establish DAFs because of the many lifetime benefits that they provide, such as the ability to take an immediate tax deduction on the assets contributed to the DAF, the means to distribute the donated funds over time, and the simplicity of giving from a centralized philanthropic fund. However, when people establish DAFs, they are not typically focused on what happens to the funds remaining in their DAFs after their lifetimes.
