We see several advantages:We're in the fortunate position of having done well between work, strong savings and a strong stock market to the point our retirement is essentially overfunded. DW and I are looking to start increasing charitable contributions and develop a more structured plan going forward.
We've read about DAFs but I guess I don't see the point of pushing the $ out of our estate and paying a management fee when one can just gift appreciated securities and take the tax write-off. Is it a front-loading mechanism? Or is it so you can sell the equities in the DAF and give cash to smaller charities that can't accept equities directly?
- We can BUNCH our giving to the DAF to take advantage of Itemizing and a Tax Break
- We can give somewhat anonymously and not get on mailing lists.
- I can preschedule and gift throughout the year
- Our DAF IS DESIGNED to provide GENERATIONAL giving and my daughter will continue after we have passed.
It works really, really well…
WoodSpinner
Statistics: Posted by WoodSpinner — Thu Aug 29, 2024 7:43 pm — Replies 27 — Views 1126