What is a Donor Advised Fund (DAF)?

A Donor Advised Fund is a charitable giving vehicle that allows you to make contributions, receive an immediate tax deduction, and then recommend grants to qualified charities over time. Think of it as your own charitable savings account. You contribute assets to the fund, LLF manages and invests them, and you maintain the privilege of recommending which Lutheran and other IRS-qualified charitable organizations receive grants from your fund. It’s a flexible, efficient way to organize your charitable giving while building a lasting legacy.