Reporting in Fundly CRM will make no assumptions regarding the information you wish to pull up. It will present you with all data that matches your criteria. As such if you pull up a list of all contacts with Contact Type of Donor, it will not automatically omit any contacts based on age, presence of an address or deceased status.
As such, when pulling mailing lists, it may be helpful to include the following criteria with a match ALL rule grouping.
Deceased -> is -> no
Street Address -> is not empty
This will ensure that only contacts that have addresses and are not marked as deceased will be included.