A meaningful part of your financial plan is your charitable giving.
Perhaps it’s the ideal time to put a charitable giving strategy in place to help you make the most of your donations. Consider strategic giving when you:
- Want to make a large charitable gift to offset your tax liability
- Intend to make numerous and substantial charitable gifts upon your death
- Typically claim the standard deduction
- Want to retain control of the timing of the charitable distribution
In the charitable giving realm, donor advised funds (“DAFs”) have become increasingly popular and valuable planning vehicles. They offer several advantages, allowing clients to optimize their tax planning as they streamline and fulfill their philanthropic goals. Curious if you could benefit from the flexibility and simplicity of a DAF while supporting the causes most important to you and your family?
To help you begin considering whether a donor advised fund is right for your situation, we are offering the Should I Use a Donor Advised Fund (DAF) When Giving to Public Charities? 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
For more information on charitable giving, check out: