Donor-advised funds allow you to make a charitable contribution, receive an immediate tax benefit and then recommend grants from the fund over time.
How a Donor-Advised Fund Works
You make an irrevocable contribution of personal assets. You immediately receive the maximum tax deduction that the IRS allows. You name your donor-advised fund account, advisors, and any successors or charitable beneficiaries. Your contribution is placed into a donor-advised fund account where it can be invested and grow tax free. At any time afterward, you can recommend grants from your account to IRUSA funds.