A donor-advised fund (DAF) is a charitable giving account designed exclusively to invest, grow, and give assets to charities for meaningful and lasting impact. 

Here's how it works: 

1. You donate assets into your DAF account. Because Vanguard Charitable is a 501(c)(3) organization, contributions to Vanguard Charitable are tax-deductible.
2. Determine an investment allocation for your account. Any growth in your account is tax-free.
3. When you're ready, recommend a grant to a charity you care about, and we take care of the rest.
4. Establish your charitable legacy with a succession plan that reflects your values for years to come. 

Learn how to open a Vanguard Charitable donor-advised fund account.

Learn about the benefits of donor-advised funds.