Corporate and Foundation Relations Awareness

January 2024

A donor-advised fund, or DAF, is a charitable investment account for the sole purpose of supporting charitable organizations you care about – like the Kean University Foundation!

When you contribute cash, securities or other assets to a DAF at a public charity, you are generally eligible to take an immediate tax deduction. Those funds can then be invested for tax-free growth, and you can recommend grants to any eligible IRS-qualified public charity.

Donor-advised funds are the fastest-growing charitable giving vehicle in the United States because they are one of the easiest and most tax-advantageous ways to give to charity. A contribution to a DAF is an irrevocable commitment to charity; the funds cannot be returned to the donor or any other individual or used for any purpose other than grantmaking to charities. Most sponsoring organizations have investment options that permit the holder of the DAF to make investments strategies that can potentially help grow your donation, tax-free!

Corporate and Foundation Relations Awareness

To learn more about donor-advised funds, contact Edward Ahart, Chief Development Officer, at or via phone at (908) 721-7056.