DONOR ADVISED FUNDS INCREASE IN POPULARITY
The donor advised fund is an increasingly popular tool for charitable giving. In fact, donors gave nearly $8 billion to donor advised funds in 2011. From little administrative hassle to tax savings to setting in motion a legacy, there are many benefits. Read this Atlantic article to learn some tips on finding the best fit for you, and check out Become a Donor to learn how donors fulfill their specific needs and interests through a donor advised fund at the LCF.
From the Atlantic:
"‘In a day, you can start a giving platform and have it last for generations,' says Eileen Heisman, CEO of National Philanthropic Trust in Jenkintown, Pa.
The tax benefits also make these funds popular. Individuals are allowed a federal deduction of up to 50 percent of adjusted gross income for cash donations and 30 percent for appreciated securities."
Full Article: "Make the Most of Your Charitable Dollar"
posted by webmaster on Thursday, August 30, 2012 - 13:47