Donor$-$advised funds $($DAFs$)$ are growing in popularity and more DAFs are being formed than private foundations. One of the likely reasons for this is

A$)$

that closely held investments use cost basis for deductibility.

B$)$

the low rate of tax on investment income.

C$)$

that the founder is able to set values that cannot be changed.

D$)$

that there are no yearly payout requirements.