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A donor-advised fund is a useful tool for an investment portfolio that act as charity savings account until the donor is ready to disperse the funds to a charity of his choice.

"Donor-advised funds have surged in popularity over the years, and many tax lawyers, accountants and financial planners enthusiastically recommend them as a tax-efficient, highly convenient and remarkably simple charitable-giving vehicle.

"With a typical fund, you can make your donation in the current year and take a tax deduction for that year even if you don’t decide which charities should get the money until future years. Meanwhile, the money gets invested and can grow, tax-free."--Tom Herman, The Wall Street Journal

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