All contributions to donor-advised fund accounts are irrevocable contributions to the sponsoring organization, which is why they may qualify for an immediate charitable tax deduction in the year they are made. As a result, all assets are held in the name of Daffy Charitable Fund, a registered 501(c)(3) tax-exempt organization, and are covered by all relevant protections.
A member serve as advisors over their fund with the ability to recommend how the fund is invested and distributed. Daffy Charitable Fund retains the ultimate authority and final control over the assets in the account. When a donor is ready to support a charitable organization, they may recommend a donation to any public charity as long as the donation does not violate the restrictions detailed in our member agreement.