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A charitable fund to which donors can make contributions, and later can legally require or direct the fund to reconvey contributions to one or more specific charities. This fund is similar to a donor advised fund, but contains restrictions on the mandatory distribution of income annually and the termination of directed rights upon the death of the donor, as more particularly set forth in Section 170(b)(1)(F)(iii). This fund is sometimes known as a "common fund."

Synonyms: donor direct funds
Synonyms list (a comma-separated list)
donor direct funds