DAF, or Donor-Advised Fund, is a charitable giving account that allows individuals to make contributions, receive an immediate tax deduction, and recommend grants to their favorite charities over time. This fund is managed by a sponsoring organization, which handles the administrative tasks and ensures compliance with tax regulations. Contributors can invest their donations in various investment options, potentially growing the fund's value before making distributions. DAFs provide flexibility in charitable giving, allowing donors to support multiple causes while maintaining control over how and when their funds are distributed to nonprofit organizations.