A donor-advised fund is a private fund administered by a third party and created for the purpose of managing charitable donations on behalf of an organization, a family, or an individual.
Donor-advised funds have become increasingly popular primarily because they offer the donor greater ease of administration while still allowing them to maintain significant control over the placement and distribution of charitable gifts.
In addition, companies are able to offer this service to clients with fewer transaction costs than if the funds were handled privately.
Donor-advised funds democratize philanthropy by aggregating multiple donors and processing high numbers of charitable transactions.

Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.