Donor Advised Funds – Have your own Endowment
A donor-advised fund is like having your own endowment but it can be started with as little as $5,000. It’s nearly as simple as opening an investment account and there are no up-front costs.
You get an immediate tax deduction by funding a DAF and have no obligation to donate money immediately enabling it to grow so you can make more meaningful monthly or annual contributions to your favorite cause(s).
You can contribute additional funds at any point and get a tax benefit for every contribution. The money can be invested in a traditional portfolio for the long-term or into more short-term vehicles if donations are expected to occur in the near future.