How could you use a Donor Advised Fund? 5 Scenarios!

This week, we take a closer look into Donor Advised Funds (DAFs) and how they can be a helpful when looking to optimize their charitable giving. We explore five hypothetical scenarios that showcase the benefits of utilizing DAFs in your financial planning.

Scenario 1 - Clumping and Bunching Deductions

Scenario 2 - Savvy Tax Moves with Appreciated Securities

Scenario 3 - Giving in Peak Earning Years

Scenario 4 - Strategic Gifting Before Business Sale

Scenario 5 - Naming a DAF as IRA Beneficiary

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv

Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.

Advisory services offered through Retirement Planning Services, LLC.

The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.