If you would like to start a fund but have several different charities you like to give to each year, then a Donor Advised Fund is a great choice. A Donor Advised fund allows you philanthropic flexibility when it comes to your annual giving and provides significant benefits that make it a popular alternative to establishing a private foundation.
Giving becomes convenient and personal with a Donor Advised Fund, which offers a hands-on approach to philanthropy. Donors make a charitable contribution to the fund, receive an immediate tax deduction and then recommend grants from the fund over time to their favorite programs and ministries. Contributions to the fund are invested to grow tax-free for future giving.