We want to extend our heartfelt thanks to our clients for their incredible generosity over the last year, contributing a remarkable amount in gifts to various charities through their Donor Advised Funds (DAFs). Your commitment to making a positive impact is truly inspiring and reflects the values we share in our community.

DAFs offer a powerful way to enhance your charitable giving. By using a DAF, you can make a contribution, receive an immediate tax deduction, and then recommend grants to your chosen charities at your convenience. For those over age 70½, making qualified charitable distributions (QCDs) directly from an IRA can be an excellent option as well. These distributions can satisfy your required minimum distributions (RMDs) while providing a charitable deduction, allowing you to support the causes you care about without increasing your taxable income. This not only helps you manage your philanthropic goals more strategically but also provides flexibility and control over your charitable impact.

In addition to these benefits, DAFs can also help streamline your charitable giving process. By consolidating your charitable donations into a single fund, you can simplify record-keeping and ensure that your contributions are distributed according to your wishes. This can be particularly advantageous during tax season, as it reduces the complexity of tracking multiple donations. Moreover, DAFs can be a valuable tool for involving family members in philanthropy, fostering a legacy of giving that can be passed down through generations. By engaging your loved ones in discussions about charitable priorities and grant recommendations, you can instill the values of generosity and community involvement in future generations.

Thank you for partnering with us in this rewarding journey of giving through your DAFs!