Donor-Advised Fund

A donor-advised fund is a fund or account (1) separately identified by reference to contributions of a giver or givers, (2) owned and controlled by a sponsoring organization, and (3) which a giver designee has, or reasonably expects to have, advisory privileges as to the distribution or investment of amounts held in the fund or account by reason of the giver’s status as a giver.

This text is provided with the understanding that ECFA is not rendering legal, accounting, or other professional advice or service. Professional advice on specific issues should be sought from an accountant, lawyer, or other professional.