Donor-Advised Funds Continue Upward Trend

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Donor-advised funds have become increasingly popular in the past few years and have continued their growth in 2015. A donor-advised fund is when a public charity provides a vehicle for donors to contribute money that is managed by the receiving organization. A donor can open an account within a fund and deposit cash, marketable securities, or any other financial donations to the fund directly and give up ownership to the organization of all donated funds. The donors do have some say in how the account is invested and how the organization distributes money within the charities once it is withdrawn …read more

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