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Effective Charitable Planning: Donor-Advised Funds vs. Private Foundations
Charitably inclined individuals have a number of giving strategies and vehicles to choose from to accomplish their philanthropic goals. Traditionally, individuals might have given cash or appreciated securities directly to a charitable organization; in recent years, however, donors have increasingly favored using donor-advised funds (DAFs) and private foundations (or a combination of both) for their charitable giving.
Both donor-advised funds and private foundations present their own distinct advantages and disadvantages. Consequently, donors must factor in their own personal circumstances to determine which vehicle (or combination of both) best suits their objectives.