In 2014, Americans gave over $358.4 billion dollars in donations to charities. Of that amount, more than 3% of all charitable gifts were made into donor-advised funds. A donor-advised fund, also known as a “DAF”, is administered by a public charity and manages charitable donations on behalf of individuals, families, and organizations. Having a donor-advised fund account is like having a charitable savings account. Many individuals and families have found donor-advised funds to be more cost-effective than operating a private foundation, and provide more flexibility and control than an outright gift to a charitable organization.