Donor Advised Funds are an efficient way to turbocharge your charitable giving while maximizing the tax benefits of doing so. You receive a charitable deduction on your tax return in the year you contribute money to the account, and then as you're ready you can allocate any amount of money in the account to a variety of 501(c)3 charities. Your recordkeeping is minimized as you don't need gift receipts from the charities receiving allocations, and the tax-free growth is a way to benefit your favorite non-profit organizations.