A donor-advised fund is a special charitable giving account. It allows you, your family or business to make tax-deductible charitable gifts of cash, stocks or bonds to a nonprofit organization that sponsors a DAF program.

Here’s how a DAF works:

• You contribute assets like cash, stocks or bonds to a donor-advised fund in the name you chose, to be managed by a sponsoring organization.
• The sponsoring organization invests and manages your gift.
• The DAF sponsoring organization makes periodic distributions from your fund to Cal Farley’s Boys Ranch and/or other charities you recommend.