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Embodies the antithesis of most billionaires, some of whom abuse the Silicon Valley Community Foundation (SVCF) to cheat the US govt (and other US taxpayers) by not paying their fair share. Why pay taxes when you can promise something in the distant future and get a tax dodge now?

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> Embodies the antithesis of most billionaires

Possible selection bias there: we hear about the loud ones, more than the ones secretly giving away money.

A DAF is not promising to give in the future: the shares are given immediately to a charity and must be donated at a certain minimum rate to other recipient charities.

A DAF has the same tax status as a charitable foundation you create but without the organizational overhead or potential abuses.

Have you used a DAF before? Shares actually do not have to be given to a specific charity when using one, at least not what most people would consider a "charity" when they use it colloquially -- this first charity is there mostly for bookkeeping. You are correct that DAF contributions are considered charitable donations in the year they are made, however.

The DAF is run by a 503c3 which owns them. I advise but they can decide to use it how they want.

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