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Start Your Own Fund

What is a Donor Advised Fund (DAF)?

A Donor Advised Fund, or DAF, is a charitable investment account established at a public charity. It allows donors to make a charitable contribution, receive an immediate tax deduction and then recommend grants from the fund over time.  Donors can contribute to the fund as frequently as they like, and then recommend grants to their favorite charitable organizations whenever it makes sense for them.

How do I open a DAF?

It is easy to get started with a fund at the Hudson Community Foundation.  No cost to set-up. A simple fund agreement and an initial tax-deductible gift are all you need to create your charitable giving account.

DAFs are the fastest growing form of planned giving in America, outnumbering private foundations nearly three to one.

HCF: Your Partner in Charitable Giving

We strive to help donors achieve their philanthropic goals, and work with your professional advisors. We provide a wide variety of giving options, types of funds and complete support services to allow donors to turn their charitable dreams into reality today, and as their permanent legacy.

HCF is a public charity, but does not promote any one charitable cause.  Rather, HCF is committed to expanding the capacity of family philanthropy – no matter where you live. You do not need to live in Hudson as we do not restrict grants to a geographical area.  You can give to the non profit organizations that matter most to you anywhere in the country. With us, your trusted professional advisor can manage the charitable investments of your fund, regardless of the account size. The fund can be as large as you choose, with a minimum of $5,000. 

How a DAF Works

1. Give

Simply open an account by contributing cash, appreciated assets, investments, including publicly traded securities, privately held shares or real estate.

2. Grow

Recommend an investment advisor to grow your account.

3. Grant

You recommend grant to eligible U.S. public charities of your choice, anytime.

Is a DAF Right for You?
Advantages of a DAF

Alternative HCF Fund Types