A Symphony of Philanthropy

Prospective donors often ask us whether a donor-advised fund (DAF) or a private foundation (PF) is better for charitable giving. It's only partially correct to say that the best instrument depends on the donor's circumstances and preferences. For some donors, using different vehicles in combination minimizes the trade-offs associated with selecting just one. As with musical arrangements: Some fact

Prospective donors often ask us whether a donor-advised fund (DAF) or a private foundation (PF) is better for charitable giving. It's only partially correct to say that the best instrument depends on the donor's circumstances and preferences. For some donors, using different vehicles in combination minimizes the trade-offs associated with selecting just one. As with musical arrangements: Some fact patterns are best served by one instrument while others call for multiple instruments working in

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