A donor-advised fund is like a charitable investment account, for the purpose of supporting charitable organizations you care about.

A DAF is established with an initial gift to CMF of cash, securities, insurance or other assets at which time the donor identifies the charities of their choosing. However, the donor is also able to recommend charities be added to or removed from this list in the future. Once a DAF is created, the donor’s gift is then invested in order to provide perpetual annual funds to the donor’s charities of choice from the income of this investment.

At the time of their initial gift, the donor receives a tax receipt for the full value of their gift. Subsequent gifts to the DAF may be made by the donor, their family, friends, or others. All such additional gifts will be added to the donor’s with tax receipts being provided at the time of each gift.

DAFs provide donors with the opportunity to make a meaningful gift immediately, and also support...