For those who are charitably inclined, establishing a donor-advised fund (DAF) allows you to:
Upon establishing a DAF, a donor makes an irrevocable charitable contribution to the fund and immediately receives the maximum tax deduction that the IRS allows. The donor can then recommend charitable grants from the fund at any time. The DAF bears whatever name the donor chooses, grows tax-free, and can be managed by the donor's preferred financial advisor.
Contact us today to discuss how a DAF might help you meet your charitable goals.