In the charitable giving realm, Donor Advised Funds (“DAFs”) have become increasingly popular and valuable planning vehicles. They offer several advantages, allowing our clients to optimize their tax planning as they streamline and fulfill their philanthropic goals. Many of your clients could benefit from the flexibility and simplicity of a DAF while supporting the causes most important to them.
To help guide our client conversations about strategic giving, we have created this flowchart. It covers key factors to consider regarding DAFs, including:
Tax planning goals
Basic mechanics of DAFs
Alternative charitable giving strategies