Article by Joshua Sutin and Lauren Parker on "The Benefits of Donor-Advised Funds vs. Private Foundations"
Taxation of Exempts
In an article published in the March/April 2021 issue of Taxation of Exempts, a Thomson Reuters journal, Joshua Sutin and Lauren Parker discuss the benefits of establishing a Donor-Advised Fund (DAF) with a reputable charitable community foundation in lieu of a private foundation. Additionally, donors with private foundations may want to consider converting them into a DAF. Read the article to find out how DAFs can offer tax benefits, while reducing associated costs and compliance requirements, and still maximize income tax deductions, reduce estate taxes, and promote philanthropy within the extended family.
A copy of the article is here.