Giving Back as a Family: What Fits Your Philanthropic Goals?
In today’s world, philanthropy has evolved into an essential part of many families’ legacy planning – and it’s a time of year when many families begin giving it greater focus. This evolution reflects not just a desire to give back but also the increasing number of tools available to maximize charitable impact. Among these tools, family foundations and donor-advised funds (DAFs) have emerged as popular choices. But while both can serve as meaningful vehicles for philanthropy, they offer different benefits, responsibilities, and structures. Choosing the right one depends on your financial objectives, tax strategy, and commitment to a long-term philanthropic mission.
Let’s explore the key differences between family foundations and donor-advised funds, diving into how each aligns with various family philanthropic goals and lifestyles. …
Giving Back as a Family: What Fits Your Philanthropic Goals?Read More »
Giving Back as a Family: What Fits Your Philanthropic Goals? Read More »
