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 while streamlining and fulfilling your philanthropic goals. You could benefit from the flexibility and simplicity of a DAF while supporting the causes most important to you.
This flowchart will help guide your discovery. It covers key factors to consider regarding DAFs, including:
- Charitable goals
- Tax planning goals
- Funding strategies
- Basic mechanics of DAFs
- Alternative charitable giving strategies
