Giving With Family: Using a Donor-Advised Fund to Engage the Next Generation

Giving With Family: Using a Donor-Advised Fund to Engage the Next Generation

Are you involving the next generation in your charitable decision-making? A surprising result from the 2014 US Trust Study of High Net Worth Philanthropy suggests that many families are not working together to make giving decisions.

Fewer high net worth households report having family traditions around giving (41.3 percent) than those that do not have family traditions around giving (58.7

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Benefits of DAFS: Privacy and being understood

Benefits of DAFS: Privacy and being understood

Give the way you want to give. That should be the goal of any charitable tool. Frankly, it is why many people continue to simply give directly. Over time, though, as one’s giving expands, you may want a tool that will allow you to maintain the emphasis on giving.

We’ve previously discussed the flexibility that donor-advised funds offer to donors …

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Government “Philanthropy” vs. Private Giving

Government “Philanthropy” vs. Private Giving

Last week I made a call I didn’t want to make. A client sent a grant request for an organization that receives a significant portion of its revenue from government sources. I had to tell the client our Board likely would not approve the grant.

Since our founding, one of DonorsTrust’s guiding rules has prohibited grants to organizations receiving more …

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Benefits of DAFs: The Tax-Advantaged Way to Give

Benefits of DAFs: The Tax-Advantaged Way to Give

What if you could enjoy many of a private foundation’s benefits for how you manage your philanthropy, but with even better tax benefits? What if you could establish a single planned giving tool, but have it benefit multiple organizations – and then make changes without involving a lawyer?

While the ease-of-use and flexibility of donor-advised funds make using them very …

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Benefits of DAFs: An Easier Way to Give

Benefits of DAFs: An Easier Way to Give

Charitable giving is meant to be a pleasure, not a slog. Writing a few checks a year to your favored groups isn’t difficult to manage. Yet, as the number of organizations you support increases, when bigger gifts require due diligence, or when your own desire to be more strategic with your charitable portfolio increases, “checkbook giving” becomes a burden.

Some …

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Know the Basics of Donor-Advised Funds

Know the Basics of Donor-Advised Funds

This morning’s Wealth Management section of the Wall Street Journal features a short-but-helpful look at the basics of donor-advised funds under the straightforward title of “Donor-Advised Funds: How Do They Work—And Are They Useful?

The author, Tom Herman, notes a few different ways a donor might use a donor-advised account. One example is of someone who want to …

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Myths Part 3: Misconceptions about the social value of DAFs

Myths Part 3: Misconceptions about the social value of DAFs

The first four misconceptions about donor-advised funds (part one is here and part two is here) related largely to how individuals use donor-advised funds, particularly as compared to other charitable vehicles. Today, we’ll look at two ideas that apply broadly to donor-advised funds and are, sadly, used by some to not just discourage use of this charitable vehicle but …

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Myths Part 2: Misconceptions about flexibility and control

Myths Part 2: Misconceptions about flexibility and control

Last week, we looked at the first two of our six misconceptions about donor-advised funds. Today we’ll explore two more misconceptions, these related to flexibility and control.  Next week, we’ll look at two final myths related to the efficacy and value of donor-advised funds.

#3 – Donor-advised funds lack the flexibility of a foundation

It is certainly true that there …

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Confusion Around Giving by Fiorina Highlights Importance of Donor Intent and Charitable Engagement

Confusion Around Giving by Fiorina Highlights Importance of Donor Intent and Charitable Engagement

Photo credit: National Review

Presidential candidate Carly Fiorina received flack this week because of reports that her “foundation” gave to Planned Parenthood, an organization to which she has been particularly antagonistic recently on the campaign trail.

In truth, Fiorina and her husband did not have a stand-alone private foundation at all. Rather, they were advisors on a donor-advised account they …

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Myths and Misconceptions about Donor-Advised Funds – Part 1

Myths and Misconceptions about Donor-Advised Funds – Part 1

Donor-advised funds (DAFs) continue to be one of the country’s fastest growing giving vehicles. Donors using DAFs find the accounts lead to more strategic charitable giving, while still allowing them to maximize tax deductions. Yet while DAF use may be increasing quickly, many donors still don’t understand how DAF accounts function, and some fall prey to the many misconceptions surrounding …

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