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Donor-Advised Fund: Tax Smart Giving
Donor-Advised Funds (DAFs) are the fastest-growing charitable giving vehicle in the United States because they are one of the easiest, most efficient, and tax-advantageous ways to give to charity. A DAF is like a charitable investment account that provides the donor with an immediate tax deduction for a charitable contribution while allowing the donor to advise on the support of charitable organizations they care about. Setting up a DAF at the Southern Baptists of Texas Foundation and utilizing it to manage your charitable contributions is easier than you think.