What are donor-advised funds (DAF)?
Well. Donor-advised funds are a popular choice for donors to give to their favorite charities. Tax deductions can be taken as soon as a donor puts money into a DAF, and the fund can grow until the donor decides where the money should go.
Since February, I’ve been tracking the donor stewardship practices of 16 of the top 25 charities for Fidelity Charitable donors. I sent in my own $100 grants via my Fidelity Charitable account and have been tracking what kind of acknowledgements I receive, as well as follow up communications. (None of these organizations are NCDC members.)
Here’s a quick breakdown of my expectations and my observations.