Ep 7: Charitable Giving & Donor-Advised Funds

Episode 7: Charitable Giving & Donor-Advised Funds

Guest: Danielle Howard, CFP®

Many clients are missing out on valuable strategies for charitable giving. In this episode of Financial Advisors Want to Know, Catherine Tindall and Danielle Howard, CFP®, discuss how donor-advised funds (DAFs) can provide greater financial benefits than traditional charitable donations.

Key Takeaways:

✅ Maximize Tax Benefits – DAFs allow clients to take advantage of the high standard deduction ($29,200 for MFJ, $14,600 for single) while spreading donations over multiple years.
✅ Bunching Strategy – Clients can make a large charitable contribution upfront for tax purposes while distributing funds to charities over time.
✅ Avoid Capital Gains Tax – Highly appreciated assets, like stocks, can be donated without triggering capital gains tax.
✅ Easy Integration – Many DAF sponsors work seamlessly with existing financial systems for efficient asset transfers.

Common Pitfalls & How to Avoid Them:

⚠️ Proper Tax Reporting – Advisors must coordinate with tax professionals to ensure clients receive the expected tax benefits.
⚠️ Follow-Up is Crucial – A system for tracking contributions and tax filings helps avoid errors and ensures smooth transactions.

DAFs are a powerful tool for enhancing client relationships and should be a key topic in financial planning discussions.

🔗 Connect with Danielle: LinkedIn
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☕ Book a coffee chat with Catherine: Schedule Here
🌐 Learn more: www.dominiones.com

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