DAFs are a special account type offering a simple, tax-advantaged way to engage in charitable giving. After establishing a DAF account, you can fund it with cash, in-kind stocks, and other assets, often taking a tax deduction on the fair market value of your contribution. You can then use DAF funds to distribute gifts to your chosen charities over time, while keeping the rest invested. As such, DAFs can offer a convenient and tax-effective way to donate low-basis company stock to charity. But be aware, once you contribute an asset to a DAF, the gift is irrevocable. It can only be distributed to qualified charities.