Learn About the Benefits of Donor Advised Funds for Tax Planning

Wealth-Building Made Simple

English - November 03, 2023 14:23 - 12 minutes - 11.3 MB - ★★★★★ - 12 ratings
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Key Takeaways:

Donor-advised funds allow individuals to receive an immediate tax deduction for their donations and have time to decide which organizations to support.
By donating a larger sum to a donor-advised fund, individuals can maximize their tax benefits and still distribute the funds over several years.
It is important to choose a donor-advised fund sponsor that supports the organizations you want to donate to.

Chapters:

| **Timestamp** | **Summary** |

| ------------- | ----------- |

| 0:00:05 | Introduction and disclaimer about investment advice |

| 0:00:37 | Philip and Allison discuss the start of November |

| 0:02:26 | Introduction to the donor advised fund |

| 0:03:53 | Explanation of how the donor advised fund works |

| 0:05:06 | Importance of giving more than $10,000 for tax deduction |

| 0:06:36 | Discussion on how donor advised fund can enhance relationships |

| 0:08:25 | Consideration of donor advised fund sponsors supporting preferred organizations |

| 0:09:48 | Importance of setting up donor advised fund early in the year |

| 0:10:34 | Contact information for financial planning assistance |

| 0:11:14 | Closing remarks and disclaimer about investment advice |

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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.