CCMI’s Matt Ryan, CFA, CFP®, recently provided insight to the San Diego Ronald McDonald House regarding Donor Advised Funds (DAFs), their many tax benefits, and why clients should consider using one for their charitable donations. “A Donor Advised Fund is a charitable account that allows the donor to make a charitable contribution, receive an immediate tax benefit, and choose where to direct the donations from the fund over time,” Ryan said.
Read more to learn how DAFs can be used as a tool for charitable donations, the process for establishing a DAF, and the number one mistake to avoid.
CCMI provides personalized fee-only financial planning and investment management services to business owners, professionals, individuals and families in San Diego and throughout the country. CCMI has a team of CERTIFIED FINANCIAL PLANNERTM professionals who act as fiduciaries, which means our clients’ interests always come first.
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