A onor-advised fund is a charitable giving vehicle set up under the tax umbrella of a public charity, such as FJC - A Foundation of Philanthropic Funds or the National Philanthropic Trust, which acts as sponsor to many funds. A donor-advised fund offers the opportunity to create an easy-to-establish, low cost, flexible vehicle for charitable giving as an alternative to direct giving or creating a private foundation. Donors enjoy administrative convenience, cost savings and tax advantages by conducting their grantmaking through the fund.