American Endowment Foundation, The

Founded in 1993, The American Endowment Foundation (AEF) is a public charity that specializes in administering donor-advised funds. Its primary mission is to simplify the process of charitable giving, making it more tax-efficient and impactful for donors. AEF works closely with financial advisors and their clients to establish DAFs, which allow donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund to their favorite qualified charities over time. The foundation is known for its independence, as it does not promote any specific investment products, allowing donors and their advisors to manage the fund's assets.