Donor Advised Funds (DAF)
Just what is a Donor Advised Fund (DAF), anyway?
A Donor Advised Fund (DAF) is a simple, flexible, and tax-efficient way to make a lasting impact through charitable giving.
Typically set up through a third-party organization such as a community foundation or financial institution, DAFs allow individuals, families, or businesses to manage their charitable donations from a single account. Once established, you can make contributions—whether in cash, securities, life insurance proceeds, or through a gift in your Will—and even invest those funds so they can grow over time.
Your initial donation is irrevocable, meaning it becomes a charitable gift right away, but you retain the ability to recommend grants to the causes and organizations you care about most. DAFs simplify the giving process, reducing administrative work while increasing your potential impact.
Why Consider a Donor Advised Fund?
Here are a few reasons DAFs have become one of the fastest-growing ways to give:
- Immediate tax benefits – DAFs are registered charities, so your donations qualify for a charitable tax receipt that can be used immediately or carried forward for up to five years.
- Flexible giving – You can decide how much to grant each year and adjust your charitable priorities as they evolve.
- Personalized recognition – Choose to give publicly or anonymously by naming your DAF in a way that reflects your values.
- Ease and efficiency – Most DAFs can be opened and funded in less than a week.
- Legacy planning – You can appoint a successor to carry on your charitable vision.
- Professional management – Expert oversight ensures all investments, tax filings, and compliance are handled for you.
- Strategic philanthropy – A DAF helps you plan and organize your giving for greater long-term impact.
Partnering With United Way British Columbia
At United Way British Columbia, your generosity powers programs that address critical social issues and strengthen communities across the province. By supporting United Way BC through your Donor Advised Fund, you can help ensure vital local services—like connecting seniors to care, supporting children and youth, and building resilient neighbourhoods—continue to thrive.
There are many ways to give and make a difference:
Together, we can build a stronger, more caring British Columbia.
Please consult your financial and legal advisor for tax-effective giving that is most suitable for you.