A donor-advised fund is a type of charitable account that individuals use to support charitable organizations that they care about and wish to support. Here's how it works:
- Donors contribute cash, securities or other assets to the donor-advised fund initiated at a qualified public charity that manages the account.
- Generally, the donors are then eligible for an immediate tax deduction from that account management organization.
- The account management organization provides them with tax documentation.
- Then, those funds can be invested tax-free.
- The account management organization essentially act as a grantor directed by the funder, who recommends disbursements to virtually any IRS-qualified public charity.
Since the donor-advised fund essentially acts as a "bank account", and there can be only one primary Donor on a Salsa CRM Donation record, it is not advisable to have the account management organization as the primary Donor "hard credit". You would not give Soft Credit to a bank for generating a cashier's check that paid for a gift! Salsa recommends recording the funder as the primary Donor on a new Donation record in these situations. You should not record the account management organization as any kind of co-credit or soft credit.
Use the Donation Source field to track gifts in Salsa CRM as donor-advised funds.
1. "What is a Donor-Advised Fund (DAF)?" National Philanthropic Trust, 11/1/2018, https://www.nptrust.org/what-is-a-donor-advised-fund.
2. "What is a donor-advised fund?" Fidelity Investments Charitable Gift Fund, 11/1/2018,