Thursday, 17 December 2015

Starting a Donor Advised Fund to Begin a Legacy of Giving

There are many reasons to start a foundation. It is a way to help people that need help. It is also a way to make better use of your money but most importantly, it can be a legacy. You can start a foundation for yourself or your family and cement a heritage for years to come. One issue that people always struggle with is the complexity that come with starting and managing a foundation. Things are easy now with the option of donor-advised funds (DAF).
How to Go About It

A DAF is an instrument that you will use to distribute the money you wish to give out. If you want to start a gifting plan for various charities, all you have to do is find a DAF host. For one, everything is online, so you don’t even have to move from where you are. You just have to find out what the minimum deposit is for a Foundation Account. You will decide what to call your account. From then, you can select an advisor to help you with everything you need.

Flexibility in Giving

If you want a little incentive, then consider the stress it saves you. Some of the issues that philanthropists have to deal with are the choices of the charities to give to and when to give. With a DAF, you can take all the time you wish without worrying about red tape. Even after making a deposit, you are not under any deadlines to donate. You can pick your charities comfortably. If you need to consult your family or business partners who are part of the foundation, by all means, do so.

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