Organize your Charity! – LivingMini®


Giving to charity is rewarding.

But giving to charity responsibly is a bit more challenging. One easy way to track your charitable donations is to use a Donor Advised Fund (DAF).

At the end of the year, I opened a DAF at Fidelity because they have one of the lowest minimum contribution levels at $5,000. Bank of America and Charles Schwab also offer DAFs for minimum investments of $5,000 and $10,000 respectively.

Key Features of a DAF:

  • • Immediate tax deduction
  • • Flexible grant making — Make grant recommendations now or in the future
  • • Personalized account name: Mine is GoErinGo!
  • • Unlimited advisors
  • • Wide variety of assets are accepted, including cash, securities and non-financial assets like art or land leases
  • • Broad range of investment options
  • • Unlimited generational transfers
  • • Straightforward, transparent reporting to track your giving history

This entry was posted on Sunday, January 10th, 2010 and is filed under Hearth.

Join Our Mailing List

Thanks for checking out my global living and giving adventures!

Sign up for my Weekly Update to get a free Charitable Giving Guide and more surprises straight to your inbox. Join the fun!