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 orforms to fill out, but the donor has flexibility in achieving their charitable goals.