Investors who are charitably inclined have many more tax favorable options than those who are not. If you're giving money to your favorite causes, there may be a better, more tax conscious way to do it. 

We use Donor Advised Funds, certain forms of Life Insurance, and Qualified Charitable Distributions to maximize our client's wealth and impact. 

Read below for a quick summary.  

A "DAF" is an investment account set up in your name that functions a lot like your own charity. You donate funds to it and then make grants to the charities and casues you care about. 

There are many benefits to this method. One is that the funds are invested and can grow over time. Another is you can make grants on your timeline. Also, you can keep your grants private. 

Click here for more details on Donor Advised Funds and how we use them. 

At a certain age the IRS mandates that you take distributions from your IRA. This is called a Required Minimum Distributions, or "RMD." The IRS allows you to send your RMD straight to a charity. It must be sent direcly to the charity. It cannot be sent to you. This is called a Qualified Charitable Distribution, or "QCD." 

For those who don't need the money, a QCD is a great tax savings to the investor. 

Learn more here.