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Tommy Blackburn, CFP®, CPA, PFS, of Mason & Associates discusses the Donor Advised Fund (DAF) and how it can be used to maximize charitable giving.
About the Episode:
• A Donor Advised Fund (DAF) is a charitable giving vehicle.
• Gifts to the Fund are typically "bunched" together to maximize tax benefits.
• The year of the contribution to the fund is the year of the tax deduction.
• Gifts are then made from the Fund to charities of your choice over time.
• Gifts to Donor Advised Funds are invested and may grow in value.