September 15, 2014

Donor Advised Funds - WSJ Article

Recently the WSJ published this article focusing on Donor Advised Funds that we wanted to share.

The article highlights the ways Donor Advised Funds (DAF) can help simplify & organize your family's charitable giving.  It also outlines how utilizing DAFs can help maximize the tax impact of the gifts you make.

We have seen this impact firsthand in helping clients establish and manage DAFs.  Companies like Vanguard, Fidelity and Schwab have made it easy to establish these funds and manage them online, while providing a great tool for tracking your giving over time.

By utilizing a DAF, it is very easy to give assets other than cash. Specifically, giving low-basis stock can increase the tax impact of your gift.

You don't need to be Bill Gates to take advantage of these tools, your DAF can be established with as little as $5,000, and you can spread the grants you make to charities over a number of years.

For more information on gifting strategies, see our post on Charitable Planning from May 2013.