The phrase "to advise the fund" means to give guidance or recommendations on managing and making decisions for a pool of money or assets, typically held by an investment fund. Full definition
For example, I would make contributions to a donor advised fund in years when your income is particularly high. (humbledollar.com)
A donor - advised fund account also provides tax - advantaged ways to add to your account upon your death. (schwabcharitable.org)
Yet when it comes to the number of individual donor - advised funds at each type, there are nearly eight times the number in major metropolitan areas as in rural areas. (nptrust.org)