Last year, Americans donated $558 million to charities. 69% of those donations come from individuals. They also donated 4.1 billion hours to charities.
If you are someone making a donation to a charity, you need to know how they can help you reduce your taxes. One way to do that is through a donor-advised fund.
What is a donor-advised fund? How does it work? Should you consider using one for charitable giving? I’ll cover the details in this episode.
You will want to hear this episode if you are interested in...
- [1:39] Sign up for my newsletter at RetireWithRyan.com
- [3:05] What is a donor-advised fund?
- [4:51] How is this different from other contributions?
- [5:51] Who should consider a donor-advised fund?
- [10:15] Who offers donor-advised funds?
- [11:05] Pros/cons of donor-advised funds
- [12:40] Additional benefits of using a donor-advised fund
- [13:27] How to choose the right charity
- [14:34] What are your next steps?
Resources Mentioned
Connect With Morrissey Wealth Management
www.MorrisseyWealthManagement.com/contact
Subscribe to Retire With Ryan
