donors)
DAF
subaccounts
Slain
rec
charity board ion*:
A Conduit's B Conduit's CConduit's • investments
board board board • distributions
• other S.O. business
US Donor US Donor ... Donor U.S. Donor Intl Donor Donor A Conduit B Conduit
A Conduit B ConduitCConduit A Conduit B Conduit
• Annual potential or7.-
Equity
loss
9 10
(Donor Advised (Type