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For nonprofits: What is a Donor Advised Fund and What am I to do with it?

Donor Advised Funds are a tool set up at a Community Foundation or a commercial vendor such as Schwab, Vanguard, Fidelity, and now Edward Jones.  A donor deposits an asset into the Donor Advised Fund (DAF), receives an immediate tax benefit, and grants it to eligible nonprofits at their leisure.   In some ways, DAFs

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