Family Office Philanthropy: Deciding between a DAF and a private foundation
With a historic $124 trillion wealth transfer underway, many high-net-worth families are rethinking how they give, and why. Private foundations have long been a favored vehicle for families seeking to build philanthropic legacies, but Donor Advised Funds, or DAFs, are also gaining traction for their simplicity, flexibility, and tax advantages.
In a recent interview with Crain Currency, Adrienne Hart, Head of Philanthropy at Rockefeller Capital Management, dives into the differences between the two vehicles and how Rockefeller works with families to align giving strategies with their aspirations and long-term financial plans. “It really comes down to the needs and goals of the family,” she said.
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