# Donor-Advised Funds (DAFs) Explained

**Create your free GiveWise Giving Fund today:** [Sign up here](https://fund.givewise.ca/sign-up/signup).

### What is a Donor-Advised Fund (DAF)? <a href="#hwhyuseagivewisegivingfund3f" id="hwhyuseagivewisegivingfund3f"></a>

A **Donor-Advised Fund (DAF)** is a charitable giving account, designed to make your giving easier and more impactful. With a DAF, you can:

* Contribute assets like cash or securities to your fund.
* Receive an immediate tax receipt for your contribution.
* Gift your funds directly from your account to your favourite charities.

### How does a DAF work? <a href="#hwhyuseagivewisegivingfund3f" id="hwhyuseagivewisegivingfund3f"></a>

* **Contribute:** Make a donation to your Donor-Advised Fund (DAF). This irrevocable charitable contribution ensures that once the funds are added to your giving account, they must be gifted to a charity now or in the future.
* **Immediate Tax-Receipt:** Once you have contributed to your fund, you receive an instant tax-receipt.&#x20;
* **Grow:** Invest your funds to let them grow tax-free, enabling you to give more while maximizing your tax savings
* **Give:** Donate to any registered Canadian charity anytime, with the option to set up recurring contributions.

### Why choose a DAF? <a href="#hwhatsetsusapart3f" id="hwhatsetsusapart3f"></a>

* **Flexibility:** Give on your schedule—contribute now and support causes later.
* **Simplicity:** Keep all your charitable giving in one place, with only one tax-receipt.&#x20;
* **Impact:** Investment growth means more funds to give and more tax savings.

### Why choose GiveWise as your DAF? <a href="#hwhatsetsusapart3f" id="hwhatsetsusapart3f"></a>

At GiveWise, we believe everyone should have access to a smarter way to give. Here’s why we’re different:

* **No Minimum Contributions:** Start your Giving Fund with any amount.
* **No Fees for Small Funds:** Funds with balances under $25,000 are free of Giving Fund Fees.
* **Flexible Investments:** For funds with balances over $25,000, you can bring your own Financial Advisor or choose from our options.
* **Canadian Focus:** GiveWise is a registered Canadian charity (registered charity number 701032526RR0001), designed for Canadian donors.&#x20;

### How GiveWise supports you. <a href="#hwhatsetsusapart3f" id="hwhatsetsusapart3f"></a>

* **Streamlined Giving:** Enjoy a centralized platform for all your donations.
* **Tax Benefits:** Get a receipt for your contributions right away.
* **Trusted Expertise:** Our team ensures all gift recommendations comply with CRA regulations.

## Ready to Make Giving Simple?<br>

#### Open your [GiveWise Giving Fund](https://fund.givewise.ca/sign-up/signup) today and experience the simplest way to manage your charitable donations.

Visit Us at GiveWise.ca

*Giving should be easy, meaningful, and accessible to everyone. With GiveWise, it is.*

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<mark style="color:blue;">**Unlock all the benefits of GiveWise—visit**</mark> [<mark style="color:blue;">**GiveWise.ca**</mark>](https://givewise.ca/)