Fri, 17 June 2022
Startup Boards -- Using Donor-Advised Funds for Impact Investing
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
Donor-Advised Funds (DAF) are funds you set up with your brokerage firm to make tax-deductible contributions to foundations and non-profit organizations you want to support.
You receive the tax deduction when you transfer money into your Donor-Advised Fund.
The funds continue to grow through investments you choose until you decide to deploy those funds.
This investment opportunity lets you donate a larger amount of money to your cause.
From there, you can contribute to any cause you like as long as it’s a qualified 501(c)(3) non-profit.
A Donor-Advised Fund structure is much lower in cost than a foundation which is expensive to set up and requires a donation of 5% of funds every year.
Consider setting up a DAF for your impact investing.
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Direct download: Using_Donor_Advised_Funds_for_Impact_Investing.mp3
Category:general -- posted at: 6:00am CDT