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| Home > Donor Center > What is a DAF? |
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A donor-advised fund (DAF) is a charitable account at the Harris myCFO Foundation. By establishing a DAF, you can make a gift today for distribution of funds to a wide variety of charitable organizations and programs over time. Although the distributions may be spread out over a number of years, you receive a current charitable income tax deduction in the year the gift is made to the DAF. As the term "donor-advised" suggests, you may recommend which charities and organizations should benefit from your fund and how your fund assets should be invested — the final decision as to distributions and investments resides with the Board of Directors of the Foundation. |
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