Maximizing Impact with Donor-Advised Funds
✨ Simplify Your Contributions While Maximizing Benefits ✨
Looking for a streamlined, impactful way to give? Donor-advised funds (DAFs) provide flexibility, tax advantages, and the ability to make a lasting difference.
Why It Matters
DAFs are not just convenient; they’re transformative. With a DAF, you can simplify your giving process, support your favorite causes, and enjoy significant tax benefits—all while ensuring your contributions align with your philanthropic goals.
Three Benefits of Donor-Advised Funds
1. Flexible Giving
Contribute to your fund when it’s convenient, then recommend grants to charities on your timeline. No rush, no pressure.
Contribute to your fund when it’s convenient, then recommend grants to charities on your timeline. No rush, no pressure.
2. Tax Efficiency
Enjoy an immediate tax deduction when you contribute to your DAF, even if you distribute funds to charities later.
Enjoy an immediate tax deduction when you contribute to your DAF, even if you distribute funds to charities later.
3. Amplified Impact
Invest your DAF balance to grow tax-free, providing even more resources to the causes you care about.
Invest your DAF balance to grow tax-free, providing even more resources to the causes you care about.
Quick Tip:
Take advantage of appreciated assets. By donating stocks or other assets to your DAF, you can avoid capital gains taxes while maximizing your giving potential.
Take advantage of appreciated assets. By donating stocks or other assets to your DAF, you can avoid capital gains taxes while maximizing your giving potential.
FAQs: Understanding Donor-Advised Funds
Q: Can I involve my family in managing a DAF?
A: Absolutely. Many families use DAFs as a way to engage multiple generations in philanthropic decision-making.
A: Absolutely. Many families use DAFs as a way to engage multiple generations in philanthropic decision-making.
Q: Are there restrictions on the charities I can support?
A: Most DAFs allow grants to any IRS-qualified public charity, giving you a wide range of options.
A: Most DAFs allow grants to any IRS-qualified public charity, giving you a wide range of options.
Q: How do DAFs compare to private foundations?
A: DAFs offer lower costs and fewer administrative responsibilities while still providing impactful giving opportunities.
A: DAFs offer lower costs and fewer administrative responsibilities while still providing impactful giving opportunities.
What’s Next in This Series?
Here’s a preview of what’s coming up in Wiser Way to Give:
👉 Charitable Lead and Remainder Trusts: Explore how these tools can provide financial benefits, support your causes, and create a lasting legacy.
👉 Maximizing Impact Through Appreciated Assets: Learn how donating stocks, real estate, or other assets can increase your charitable reach while offering tax savings.
👉 Maximizing Impact Through Appreciated Assets: Learn how donating stocks, real estate, or other assets can increase your charitable reach while offering tax savings.
What inspires you to simplify and amplify your giving?
Let’s talk! Share your thoughts in the comments or reach out directly—we’re here to help maximize your impact. 🌟
Let’s talk! Share your thoughts in the comments or reach out directly—we’re here to help maximize your impact. 🌟
Disclaimer
This material was created to provide accurate and reliable information on the subjects covered but should not be regarded as a complete analysis of these subjects. It is not intended to provide specific legal, tax or other professional advice. The services of an appropriate professional should be sought regarding your individual situation.
This material was created to provide accurate and reliable information on the subjects covered but should not be regarded as a complete analysis of these subjects. It is not intended to provide specific legal, tax or other professional advice. The services of an appropriate professional should be sought regarding your individual situation.
LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.
