Donor-Advised Funds (DAF) provide a simple solution for reducing your tax bill through charitable giving, even if you are part of the 90% claiming the standard deduction due to the recent tax reform.

I’m covering four things in today’s episode:

1. Exactly what a donor-advised fund is in its simplest form
2. Who is the right fit for using a donor-advised fund
3. If you are a potential candidate, what’s the absolute best strategy for using one
4. Where to open a donor-advised fund and some really important things to look out for

Listen to today’s podcast episode by clicking on the links below:

How to Listen to Today’s Episode

• Click to Listen via Your Favorite Podcast App
• Click to Listen in Your Web Browser

Episode Links & Resources:

• 👉 Get Your One-Time Retirement Plan
• Fidelity Charitable:
  • Website
  • The 2019 Giving Report
• Schwab Charitable
• Vanguard Charitable
• The San Diego Foundation
• Questions to Ask When Selecting a Donor Advised Fund Provider [Accounting Today]
• Only 10% of Americans Itemized Deductions in 2018 [Tax Foundation]
• Donor-Advised Funds: The Best Giving Tool You’ve Never Heard Of [Define Financial Blog]

(Disclaimer: This episode is full of tax-related information and I want to remind our listeners that this is purely for educational and informational purposes only. This is not advice. It’s critical you talk to your tax preparer and trusted advisors before taking action.)

Episode Transcription

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