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hen it comes to planning for philanthropy and leaving a legacy, donor-advised funds (DAFs) have emerged as a versatile and effective means of charitable giving, offering numerous benefits and opportunities for donors, financial institutions and charitable organizations, accounting for over $234 billion in charitable assets in 2022.1 Given the appeal and ease of DAFs, we understand that wealth and investment advisors are increasingly asked by their clients about these important charitable vehicles.
So it’s important that advisors understand the structure and benefits of DAFs and can explain to their clients how to use DAFs alongside other planned philanthropy tools. Not only do charitable conversations strengthen client relationships, but...
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