It makes us happy when our clients give their money away, because it brings them joy, adds a layer of meaning and purpose to their resources, and may save some taxes.
We’ve experienced an increase in the amount of clients utilizing a Donor-Advised Fund (DAF) to facilitate their generosity. DAFs allow you to donate money to an account and then make distributions to charities over time via grants. The beautiful thing is that you get the full tax deduction when you transfer the money into your DAF.
Schwab offers a DAF solution which has made this process more efficient for our clients.
Melinda Tyrrell, our Client Service Administrator, has been participating in a Schwab Charitable Advisor Committee. She’s been such a valuable member of the committee that they recently produced a video spotlighting her. We are very proud! Check it out!
We are NOT compensated when our clients utilize a Schwab Donor-Advised Fund.