Exploring Donor Advised Funds

Market Update
Exploring Donor Advised Funds

Viewing our wealth as resources given to us by God to steward certainly changes our perspective. It causes us to not only question how best to manage our resources now, but also to wonder how to better distribute them at the end of our lives.

For those who hope to reduce death taxes and leave a legacy of giving to their descendants, it may be beneficial to explore naming a Donor Advised Fund (DAF) as a beneficiary on their IRA.

Due to the passage of the SECURE Act, “stretch” IRAs are no longer available for heirs, so naming a DAF as a beneficiary will eliminate potential taxes on the disbursement of IRA assets and create a tax-free donation pool that future generations can pull from when determining which charities they desire to bless. This tax-savvy approach will encourage ongoing collaboration amongst your heirs and ensure continued charitable giving for decades to come.

DAFs can be a great option for those seeking to ensure that their generosity can live on in future generations. If you or someone you know could benefit from establishing a DAF, The Faithful Journey Foundation (FJF) can help.

The foundation can also help if you would like to explore giving appreciated assets, such as stocks, real estate, life insurance, or even mineral interests.

FJF exists to enhance your family’s legacy of giving, especially after so many years of faithful stewardship of your resources. Blessing churches, charities, and nonprofits that share your values is a beautiful way to incorporate continued generosity into your legacy plans.

Creating and ensuring a legacy of generosity is a worthwhile pursuit, and FJF is passionate about helping you achieve your goals. If you or someone you know is interested in a DAF, contact FJF today.

Any opinions expressed in this forum are not the opinion or view of American Portfolios Financial Services, Inc. (APFS) or American Portfolios Advisors, Inc.(APA) and have not been reviewed by the firm for completeness or accuracy. These opinions are subject to change at any time without notice. Any comments or postings are provided for informational purposes only and do not constitute an offer or a recommendation to buy or sell securities or other financial instruments. Readers should conduct their own review and exercise judgment prior to investing. Investments are not guaranteed, involve risk and may result in a loss of principal. Past performance does not guarantee future results. Investments are not suitable for all types of investors. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purposes of avoiding penalties that may be imposed by law. Each tax payer should seek tax, legal or accounting advice from a tax professional based on his/her individual circumstances.
This material is for informational purposes only. Neither APFS nor its Representatives provide tax, legal or accounting advice. Please consult your own tax, legal or accounting professional before making any decisions. Information has been obtained from sources believed to be reliable and are subject to change without notification. The information presented is provided for informational purposes only and not to be construed as a recommendation or solicitation. Investors must make their own determination as to the appropriateness of an investment or strategy based on their specific investment objectives, financial status and risk tolerance. Past performance is not an indication of future results. Investments involve risk and the possible loss of principal.

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