Category Archives: Donor-Advised Funds

The SECURE Act’s Impact on Inheritors

The SECURE Act’s Impact on Inheritors

At the end of 2019, President Trump signed the SECURE Act. The SECURE Act changed rules governing inherited Individual Retirement Accounts (IRAs) and other qualified plan distributions. The legislation marks the most substantial change to various retirement accounts in many years, and requires you to rethink who you name as account beneficiaries who might inherit your account or accounts.…

read more »
Putting Your DAF to Work: Gifting Appreciated Stock

Putting Your DAF to Work: Gifting Appreciated Stock

Emily wasn’t sure if she had the resources to open a donor-advised fund. She wanted to join DonorsTrust’s Novus Society for younger givers, but setting aside the money to start an account and make gifts seemed tough. But then she remembered that stock….

Nearly two decades ago, she convinced her parents to buy her a few shares of a stock. …

read more »
Simple, Strategic Giving with a Donor-Advised Fund

Simple, Strategic Giving with a Donor-Advised Fund

You may have heard it said that donor-advised funds are the fastest growing charitable giving tool and rapidly becoming the most popular option available.

But why is that? How do they actually work? What does it take to open one? And are they only for millionaires?

Answering Your Questions on Donor-Advised Funds

In this interview with Institute for Justice, …

read more »
Qualified Charitable Distributions from an IRA… to a DAF?

Qualified Charitable Distributions from an IRA… to a DAF?

Donors over age 70 ½ might be interested in making a Qualified Charitable Distribution (QCD) from their IRA. That’s understandable. A QCD allows taxpayers age 70 ½ or older to exclude up to $100,000 from their taxable income each year. This has the benefit of reducing adjusted gross income (AGI). Qualified Charitable Distributions also count towards the annual required minimum …

read more »
The Bunching Strategy for Charitable Giving

The Bunching Strategy for Charitable Giving

If you read the popular press, you’ve probably read or seen headlines about the “bunching” strategy. This strategy has become increasingly popular as people adjust to the new standard deduction, which was doubled for tax years beginning with 2018. It’s a strategy that might be of particular interest if you are charitable and seek income tax minimization (don’t we all).…

read more »
The Portfolio Approach to Planned Giving

The Portfolio Approach to Planned Giving

When formulating your estate, gift and income tax plan, first and foremost define your goals. If one goal is furthering your philanthropy, any of three broad planning categories, each with its own set of techniques and vehicles, are available to achieve a combination of your charitable, tax, and other financial goals.

The three broad categories of charitable planning techniques are …

read more »
Safe for Conservative Givers? DAFs and Donor Intent

Safe for Conservative Givers? DAFs and Donor Intent

Maggie knew she wanted a donor-advised fund to help manage her charitable giving. She also knew she wanted one that matched her conservative principles.

Thoughtful givers like Maggie don’t simply think about how they will give, or even just about why they give. A thoughtful giver wants purpose and means to intersect. In doing so, her giving has more power.…

read more »
Starting Over with a Donor-Advised Fund

Starting Over with a Donor-Advised Fund

An accurate, albeit overused phrase is “to wipe the slate clean”. While perhaps outdated in its technology (what 25-year-old has ever experienced a classroom ‘slate’?), the reference to starting over again is clear.

I’m sympathetic to the notions of grace, forgiveness, success and failure that provide the basis for the philosophical concept of starting over (again).  But, let’s be honest, …

read more »