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Generosity has been a guiding tradition for generations, and the methods through which people give continue to evolve. From checkbooks to Facebook fundraisers, the ways to give continue to grow.…
Read MoreIt happens time and again. While most owners have 80-90% of their assets locked up inside of their business, it’s remarkable how unprepared many of them are at the point of…
Read MoreI love studying history. From recent events to ancient biblical history, it is important to know how we have arrived at where we are today. Therefore, I would like to…
Read MoreYou have worked hard to build your business. You have put in the work, stood firm through the tough times, and rejoiced in the triumphs. You have seen your business…
Read MoreWhen it comes to charitable giving, it often seems like the world’s wealthiest individuals have it figured out. With so many assets to manage, these donors know how to support charitable causes while capitalizing on the tax benefits of the giving process, right? Unfortunately, not all get it right. In July, an article in Forbes announced that Warren Buffett is donating $3.6 billion of his Berkshire Hathaway stock to charity. It also offered advice on how other donors could maximize their giving by following in Buffett’s footsteps. The problem? Buffett is primarily giving the stock to private foundations. Consequently, he is missing out on significant tax benefits he could receive if he utilized a donor advised fund (DAF) instead. There are important differences, when it comes to tax benefits, that all donors and advisors should consider.
Read MoreMost financial advisors, attorneys, and CPAs know the benefits of using a donor advised fund (DAF). However, DAFs are still often underutilized by the public. While many may have used…
Read MoreTwo of the most popular charitable vehicles are donor advised funds and private foundations, but which is best to use in your generosity journey? That depends. Nearly $70 billion in…
Read MoreEvery year natural disasters affect thousands of people, from devastating storms and tornadoes to wildfires and earthquakes. Victims are often left in need of shelter, food, clean water, electricity, and…
Read MoreSomeone who has never opened or used a donor advised fund (DAF) may wonder whether it is similar to opening and using a bank or brokerage account. Having done both…
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