Donor-Advised Fund in United States

Definition of Donor-Advised Fund

A concept of Donor-Advised Fund applicable in the United States: Section 4966(d)(2) of the federal tax code defines a donor-advised fund as a fund or account that is owned and controlled by a sponsoring charitable organization, is separately identified by reference to contributions of a donor or donors, and to which the donor (or an advisor designated by the donor) has or reasonably expects to have advisory privileges regarding the distribution or investment of the assets in the fund. The tax code specifically excludes a fund or account that makes distributions only to a single identified organization or governmental entity or that makes grants for travel, study, or similar purposes provided that certain conditions are met.

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See Also

• Charity
• Foundation
• NGOs