I don’t use a DAF but I’ve considered it in the past. In my view, the chief advantage is that they allow you to claim the tax deduction when you deposit money into the DAF, before you actually make the donation. They’re also exempt from capital gains taxes, although you can also avoid capital gains taxes by donating appreciated assets directly to the charity, but that depends on whether the organization will accept them (not sure how universal this is). They also charge fees, which can be fairly expensive but are cheaper than capital gains taxes on expectation.
Some links if you haven’t seen them yet:
https://reducing-suffering.org/advanced-tips-on-personal-finance/
https://80000hours.org/2013/06/how-to-create-a-donor-advised-fund/
I don’t use a DAF but I’ve considered it in the past. In my view, the chief advantage is that they allow you to claim the tax deduction when you deposit money into the DAF, before you actually make the donation. They’re also exempt from capital gains taxes, although you can also avoid capital gains taxes by donating appreciated assets directly to the charity, but that depends on whether the organization will accept them (not sure how universal this is). They also charge fees, which can be fairly expensive but are cheaper than capital gains taxes on expectation.