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Donor Advised Fund (Poor Man’s Family Foundation)
Posted on 8/6/25 at 10:21 pm
Posted on 8/6/25 at 10:21 pm
What is the MT’s thoughts on these to make charitable giving easier? Basically donate to your own family charity, get the tax write off, your charitable money grows , and you give donations via this vehicle. One downside , the parent organization has to approve of any grant/donation made from your fund to another charitable organization. Maybe they make one fill out too many forms or delay the donation for whatever reason? Any who, I wanted to get your opinion.
4
Posted on 8/7/25 at 6:06 am to evil cockroach
They’re fine. Typically clients donate appreciated stock to fund them. Can use lots of things though, including crops and other crazy stuff.
Usually they’re done every few years to make it deductible - donating $30k in one year will likely be deductible vs donating $10k every year for 3 years.
Grants typically aren't a problem.
Usually they’re done every few years to make it deductible - donating $30k in one year will likely be deductible vs donating $10k every year for 3 years.
Grants typically aren't a problem.
Posted on 8/7/25 at 11:22 am to evil cockroach
quote:It's a great tool, particularly if you are a bigger giver. The ability to contribute low-basis stock is awesome.
What is the MT’s thoughts on these to make charitable giving easier? Basically donate to your own family charity, get the tax write off, your charitable money grows , and you give donations via this vehicle. One downside , the parent organization has to approve of any grant/donation made from your fund to another charitable organization. Maybe they make one fill out too many forms or delay the donation for whatever reason? Any who, I wanted to get your opinion.
I'm not aware of any significant situations where the charity was turned down by the parent.
For me, the ideal use case is of a high earner/investor with lots of good years in front of him. Essentially, you are saying to the donee community: "Don't ask me for money this year or next. Rather, since my primary skill is making money, ask me closer to retirement and you will get a shitload more then than you would now".
Posted on 8/7/25 at 12:24 pm to evil cockroach
Pretty good way to get tax advantage and amplify donations. Fidelity has Giving Account product through their Charitable division, pretty simple to open and manage DAF. I know a few folks that have one, they seem to like it. You act as the parent organization and direct Fidelity to grant the funds.
Posted on 8/9/25 at 11:56 am to evil cockroach
Can you buy and sell stocks when you do a DAF within the account itself or is it controlled by the Fidelity?
What happens if you donate a dividend stock?
Do they sell the stock and use proceeds for giving or do they let the stock continue to earn dividends until a grant is made?
What happens if you donate a dividend stock?
Do they sell the stock and use proceeds for giving or do they let the stock continue to earn dividends until a grant is made?
Posted on 8/9/25 at 3:53 pm to kaaj24
I don't think you can own individual stocks. There are some funds to choose from.
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