Contributions to donor-advised funds have exploded in the last 20 years. In fact, the Fidelity Charitable Gift Fund raised more in donations in 2015, than any other charity in the United States according to various news reports. Furthermore, 4 of the top 10 largest charitable recipients were donor-advised funds run by major financial groups like Fidelity, Schwab, and Vanguard.
What is a Donor-Advised Fund (DAF)?
It is a fund run by a valid 501(c)(3) charity that accepts donor contributions and manages them for future distribution to an operating charity. The donor receives an immediate tax deduction at 50% of their AGI level …read more
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