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Definition of 'Donor Advised Fund'
A private fund administered by a third party and created for the purpose of managing charitable donations on behalf of an organization, family, or individual.
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Investopedia explains 'Donor Advised Fund'
Donor advised funds have become increasingly popular. They offer the donor ease of administration, while still allowing him or her to maintain significant control over the placement and distribution of charitable gifts. Companies are able to offer this service to clients with fewer transaction costs than if the funds were handled privately.
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Beat the tax man come April 15 by investing in a charity-friendly fund.
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Generosity may be its own reward, but some charitable giving also provides personal tax benefits.
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Getting organized well before the deadline will curb your frustration and your tax liability.
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