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Philanthropy as a Wealth Strategy: Donor-Advised Funds and Charitable Trusts

The Wealth Building Curriculum • Beginner Investing • 6 min

Giving money away can be a planned part of your wealth and tax strategy. It can genuinely help the cause you support. This approach deserves attention as a real financial strategy, not just a random act of kindness disconnected from financial concerns. A donor-advised fund (DAF) is a popular way to do this. You contribute assets like cash or appreciated stock to the fund. You get an immediate tax deduction for your…

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