DAF：2025年年度DAF报告（英文版）

Donor advised funds (DAFs) are charitable giving accounts used by individuals (donor advisors) and managed by 501(c)(3) public charity sponsoring organizations (DAF sponsors). Donor advisors receive an immediate tax deduction for their contributions to the DAF and recommend grants to charities over time from the assets in the DAF. As DAFs grow in prevalence within the philanthropic landscape, accurate, neutral, and accessible information is critical to understanding their impact. Th