Donor Advised Fund
DAF Direct welcomes donors to recommend a grant from their donor advised fund, also known as a DAF, directly from Root Capital's website. You will not incur any download or transaction fees.
What Is a DAF?
A DAF is a centralized vehicle for charitable giving that makes it easy for donors to dedicate funds to support their favorite nonprofit organization. It also provides a convenient and tax-efficient method to manage your charitable giving.
With a DAF, individuals, families, or businesses make an irrevocable gift to a public charity that sponsors a donor advised fund program. The donor may take an immediate tax deduction and can then recommend grants over time to IRS-qualified 501(c)(3) public charities. DAFs also allow donors to approach their charitable giving thoughtfully by involving other family members or colleagues in their philanthropic decisions. Most DAFs accept donations of long-term appreciated securities and other assets, and donors can advise how the funds are invested.
For more details visit the DAF Direct website.