Episode 16: Donor Advised Funds

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Today Peter and Alexander cover a topic on the wealth management side of their practice: Donor Advised Funds, or DAFs. When someone wants to make a monetary gift to a charity, they have several options: create a private foundation, donate to the charity directly, or place their funds in a DAF. A DAF is an account at a 501(c)(3) public charity company in which a donor has some advisory privileges over how the funds are expended and/or gifted out. Peter and Alexander talk about the benefits and drawbacks of using a DAF and why you might choose to use one over another gifting method.

What exactly is a donor advised fund? Why donate to a DAF instead of to a charity directly? When will I receive my tax deduction if I give to a DAF? What advisory powers over a gift does a donor maintain when giving to a DAF? What kind of regulations are DAFs subject to? What are the legal risks that accompany using a DAF? Listen to find out.

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