Charity Choice: When Donor-Advised Funds Trump Private Foundations - Forbes

Charity Choice: When Donor-Advised Funds Trump Private Foundations - Forbes: So in 2008 Norm, now 70, and Elaine, now 65, created the “Brodsky Foundation”–which isn’t (despite its name) a private foundation but a donor-advised fund. Like a private foundation, a DAF functions as a conduit. You make your contribution and claim your tax deduction now, then dribble money out to specific operating charities over years or decades while your charitable dollars are invested and growing tax free or nearly tax free (with a private foundation, there’s a small investment tax).