Advisor Insights: Donor-Advised Funds: A Strategic Tool for Tax-Efficient Giving
A Donor-Advised Fund (DAF) is a charitable account managed by a sponsoring organization that allows donors to make tax-advantaged contributions, invest funds for growth, and recommend grants to nonprofits on their own schedule. DAFs are increasingly popular for clients seeking flexibility and tax efficiency in their philanthropy. Key Benefits of DAFs Immediate Tax Deduction: Donors […]