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In this episode of GDS Unplugged, Glen and Robert explore the often-overlooked strategy of tax-smart giving through Donor-Advised Funds (DAFs). They break down what a DAF is, how it works, and why it might be a smart move for charitably inclined individuals. Whether you're new to charitable giving or looking to optimize your tax strategy, this episode offers practical insights.
Donor-Advised Funds offer a unique opportunity to maximize your charitable impact while receiving immediate tax benefits. Glen and Robert explain how DAFs have become more accessible, no longer reserved for the ultra-wealthy. Understanding how to leverage a DAF can help you align your financial goals with your philanthropic values.
Glen and Robert discuss how even individuals from humble beginnings can now participate in DAFs. They share scenarios where clients used appreciated stock to fund a DAF, avoiding capital gains taxes and increasing the amount available for charitable giving. They also explain how a surviving spouse can continue the charitable legacy through a DAF after the donor passes away.
This episode is packed with actionable advice on how to use Donor-Advised Funds to enhance your charitable giving and reduce your tax burden. Glen and Robert make a compelling case for why DAFs are no longer just for the wealthy and how they can fit into a broader financial strategy for anyone who wants to give back.
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