Comparing Donor-Advised Fund (DAF) Programs

What types of contributions are allowed in different DAF programs?
- Most programs accept cash and publicly traded securities.
- Limitations vary significantly for complex assets, such as real estate, closely held business interests, and collectibles.
- Check if the program allows for complex asset gifts and inquire about associated fees for review and liquidation.
What investment options are available in DAF programs?
- Options can include:
  - Pooled investment models.
  - Pre-set investment portfolios.
  - Active portfolio management via separately managed accounts.
- Sophisticated options like alternatives may be available if specific criteria are met.
What granting restrictions might apply?
- All DAFs restrict grants to IRS-qualified charitable organizations.
- Programs may impose additional restrictions based on location, sector, or value set.
- Requirements may exist for minimum grant amounts or the frequency of grant recommendations.
How user-friendly is the technology offered by DAF programs?
- Evaluate if the platform:
  - Provides access to statements and letters.
  - Allows online charity research and grant recommendations.
  - Is intuitive and user-friendly.
What are the administrative fees associated with DAF programs?
- Annual costs vary between programs but are generally lower than private foundations.
- Ensure clarity on what the fees cover before committing.