Should I Use A Donor Advised Fund (DAF) When Giving To Public Charities?
In the charitable giving realm, donor advised funds (“DAFs”) have become increasingly popular and valuable planning vehicles. They offer several advantages, allowing you to optimize your tax planning as you streamline and fulfill your philanthropic goals. You could benefit from the flexibility and simplicity of a DAF while supporting the causes most important to you.
To help guide your conversations about strategic giving, we have created this flowchart. It covers key factors to consider regarding DAFs, including:
Charitable goals
Tax planning goals
Funding strategies
Basic mechanics of DAFs
Alternative charitable giving strategies
Robert J. Pyle, CFP®, CFA, AEP® founded Diversified Asset Management, Inc., in 1996 to provide personalized, comprehensive wealth management services to successful individuals, families, single women, and business owners. His specialty is addressing the complex financial needs of self-employed professionals, corporate executives, and small-business owners. Our disclosure can be found here. The views, opinion, information, and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc. Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting, or tax advice.