A Donor-Advised Fund (DAF) is a charitable giving account that allows individuals to make a charitable contribution, receive an immediate tax deduction, and then 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. Donors can contribute cash, stocks, or other assets to their DAF and can choose how and when to distribute the funds to eligible charities. This flexibility makes DAFs an attractive option for those looking to maximize their charitable impact while enjoying tax benefits.