A Donor Advised Fund (DAF) is the most flexible type of fund that can be established. Donors may recommend grants to a variety of organizations depending on the needs of the community or the wishes of the donor. A donor advised fund is an excellent choice for those that may be considering establishment of a private foundation. The Community Foundation handles all of the administrative work, there are no tax filings or forms to fill out, but the donor has flexibility in achieving their charitable goals.