Donor-advised fund

A donor-advised fund (DAF) is a centralized charitable account. It allows charitably inclined individuals, families, and businesses to make tax-deductible charitable donations of cash, publicly-traded stock, and, in some cases, certain illiquid assets, to a public charity that sponsors a DAF program.

Sponosoring Organization

A sponsoring organization is a 501(c)(3) public charity that sponsors a DAF program.

Benefitting Charities

Donors can then recommend grants over time to IRS-qualified 501(c)(3) public charities.


DAF Direct providers include:

  • Fidelity Charitable
  • Schwab Charitable
  • BNY Mellon

If you have an existing account with any of these funds, DAF Direct makes it easy to recommend donations to Save The Music Foundation directly from your DAF.

Legal Name: Save The Music Foundation

Address: 1515 Broadway, 21st Floor, New York, NY 10036-8901

Tax ID: 13-6089816

74% of our spending goes to support music programs.

20% of our budget goes to fundraising costs, primarily development staff compensation and events. 6% goes to cover administrative costs such as legal and accounting.