What is a donor-advised fund, and how does it work?

A donor-advised fund is like a charitable investment account supported by a public charity for the sole purpose of supporting charitable organizations. When you contribute cash, securities or other assets to a donor-advised fund at a public charity, like Fidelity Charitable, you are generally eligible to take an immediate tax deduction.

To learn more about how a donor-advised fund works, visit our What is a donor-advised fund page.