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Is the "donor-advised fund" mentioned here similar to a "charitable remainder trust?" If so, this may just be a very astute tax planning strategy.
by SeoxyS 11y ago
Is the "donor-advised fund" mentioned here similar to a "charitable remainder trust?" If so, this may just be a very astute tax planning strategy.
- aaronkrolik 11y agoMy thought exactly. A $148M tax write off is pretty substantial
- rhc2104 11y agoNot really, because you get none of the money back. However, you can take the charitable tax deduction this year, instead of future years when you plan on giving money to charity. Also, the capital gains/dividends/interest that the DAF earns isn't taxed, so if you plan on giving to charities in the future, this is one way of increasing that amount.