What is a Donor-Advised Fund? | Mission Wealth
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What is a Donor-Advised Fund? | Mission Wealth
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there were 290,000 donor advise funds in 2016 in 2020 they were over a million so we are constantly opening these up for clients they’re wonderful tool so let me walk you through very briefly how they work you are the donor and you basically contribute cash appreciated Securities you can do real estate partial interest in real estate stes Private Stock Bitcoin anything that’s appreciated is really the the most um the best asset to transfer into a donor advice fund donor advice fund is an account you open up at various institutions Schwab charitable Fidelity charitable Community foundations a lot of them support these types of accounts once the asset goes in there that is your tax deduction that’s what you give your CPA whatever the value of that asset it was when it went in there and got liquidated that’s your tax reduction then on the far right you have unlimited time to give it away and that’s the beauty of these is that you can time a donation in a year that you might have higher income maybe you’re selling a company maybe you’re retiring next year you won’t have high income so a lot of people time these they don’t
have want to give the money all the way at once but they want to get the tax deduction
Mission Wealth’s Director of Philanthropic Strategies, Amanda Thomas explains what a donor-advised fund is and how this tool works. __________________________________________________________________________
Founded in 2000, Mission Wealth is a premier wealth and investment management firm. The firm is headquartered in Santa Barbara, CA, and has office locations nationwide to better serve clients. Mission Wealth’s service offerings include financial and wealth planning, investment management, estate and trust services, asset protection, philanthropic and charitable giving, tax planning, retirement planning, and inspired living.
For over 20 years, Mission Wealth has offered holistic wealth management services to high-net-worth families throughout the United States. We specialize in helping people during major life events and our visionary, service-oriented culture is focused on empowering our clients to lead more fulfilled lives.
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Mission Wealth is a Registered Investment Adviser. This commentary reflects the personal opinions, viewpoints, and analyses of the Mission Wealth employees providing such comments. It should not be regarded as a description of advisory services provided by Mission Wealth or performance returns of any Mission Wealth client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data, or any recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Mission Wealth manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.
