Donor-Advised Funds: Non-Transparent Tax Shelters for Good | Blue Avocado

Donor-Advised Funds: Non-Transparent Tax Shelters for Good | Blue Avocado: Nonprofits are probably most familiar with donor-advised funds (DAFs) at community foundations: a donor gives, let's say, $1 million to a community foundation and gets a $1 million tax deduction that year. Over the next several years, the donor "advises" the foundation to pay out the $1 million in grants to various nonprofits that the donor selects. Donor-advised funds are also administed by commercial institutions such as Fidelity and and Chase. Writer Jeff Angus took a closer look at DAFs for Blue Avocado: