Several of our donors make contributions to Healthy Gulf via Donor Advised Funds. Generally, a Donor Advised Fund is a separately identified fund or account that is maintained and operated by a section 501(c)(3) organization, which is called a sponsoring organization. Each account is composed of contributions made by individual donors. Once the donor makes the contribution, the organization has legal control over it. However, the donor, or the donor's representative, retains advisory privileges with respect to the distribution of funds and the investment of assets in the account. Donors and families can establish a DAF at any time, through a number of different sponsor organizations. For instance in New Orleans, one sponsoring organization is the Greater New Orleans Foundation. Sponsors typically require donors to submit an application, sign a fund agreement, and make a minimum contribution. Minimums can be as low as $5,000, although many start at $25,000 (and sometimes more). Once donors start a fund, the sponsor organization does all the back-end work— performing the necessary due diligence or vetting of potential grants, managing investments, keeping records, administering grants, and providing tax receipts.