What is a donor-advised fund in Schedule D?
A Donor-advised fund in Schedule D is more like a charitable investment account that is maintained and operated by section 501(c)(3) organizations for the sole purpose of supporting charitable organizations.
Generally, a donor-advised fund must be
Separately identified by reference to contributions of a donor or donors;
Owned and controlled by a sponsoring organization; and
For which the donor or donor advisor has or reasonably expects to have advisory privileges in the distribution or investment of amounts held in the donor-advised fund or account because of the donor's status as a donor.
Every account is composed of contributions made by individual donors. Once a donor contributes, the organization has legal control over these funds.
What needs to be done if your organization maintained some donor-advised funds during the tax year?
What is the difference between Net assets with and without donor restrictions?
What is the purpose of Schedule D in Form 990?