Do you want to set up your own foundation without the cost and hassle of running it?

CNCF offers the perfect solution for you:

A Donor Advised Fund (DAF) is a fund set up through a public foundation in which the donor is able to 'advise' the board of the foundation where and when they would like the assets of the fund to be distributed and for what purpose. 

It's like having your own personal or corporate foundation without the hassle and cost.

 CNCF offers two types of Donor Advised Funds:

Giving Funds - give now, receive your donation receipt immediately and take some time to decide how your gift should be distributed to your favourite charities.

Legacy Funds - set up a fund now that will receive proceeds / bequests from your Estate.  You can leave clear intentions about ministries and charities who will benefit from your fund, or it can be managed by anyone you choose.  Distributions to your chosen charities can be made in the short or long term.

Advantages:

• A CNCF Donor Advised Fund can be set up within a few hours.
• There are no significant start-up costs for establishing a DAF, unlike creating a private foundation where legal fees, investments fees and accounting fees are just some of the costs.
• All administrative, investment and record keeping services are provided by CNCF.  No additional tax returns or accounting services are required.
• A CNCF Donor Advised Fund is confidential. The public cannot know how much was given, by whom, or for what purposes.
• Distributions can be made anonymously through a CNCF Donor Advised Fund.
• The contribution of appreciated securities to a DAF can easily be distributed to several charities.
• A donation receipt will be issued immediately for a gift received, but distributions to charities can be decided upon later. 

For all the details related to Donor Advised Funds, simply read this document.