What is a Donor Advised Fund - Tax Strategy

Do you donate to a church or charity? Then you MUST know about Donor Advised Funds.

Donor Advised Funds, (also known as a DAF), have EXPLODED since 2020.

There are over 1 MILLION Donor Advised Funds being used across the United States.

Donor Advised Funds are a simple way to donate to your church or charity of choice and receive a seriously sexy tax deduction upfront.

Every week I provide tax tips and strategies to help you keep the most of your money from your business. So go ahead and browse the tax strategy videos I already have up and, after you subscribe, hit that bell icon so you don’t miss any future money-making tax strategies.

P.S. When you sign up for Gusto, you get a $100 visa gift card

Related Videos:

*Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your own attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.

[borismusheyevcpa]

Hey Everyone, Boris here. Make sure you check out these links.

[vincentsevier]

If you contribute $5k and you get the immediate tax benefit. As the $5k appreciates and it is not $8k. When you go to donate the additional $3k from appreciation to a charity of your choosing. Do you get the $3k reduction as well or just the initial $5k?

[MsChill]

Any info on private family foundation?

[cabsouth]

What are the IRS repoting requirements? If appreciated mutual funds are used to fund the DAF, does the form for "Non -Cash" donations have to be signed by the recipient of of the donation, or does the DAF administrator provided the documentatoin for the deduction? Thanks for the great video, btw

[BornRiders]

Boris, greatly appreciate the DAF video. Keep it coming!

[marcaugustin]

Very well explained with great simplicity!

[markhealey]

I am facing a capital gains bill of about $45k for a summer property i sold this year owed to the IRS. I want to fund a DAF in my name this month for $45k. Will that offset the capital gains?

[romanbabakhanov]

Is the Donor advise fund can be put from Scorp directly? Or this is from your wages ?

[missouri]

Great content however you need $50, 000 upfront or whatever amount in order to make this work to itemize more than the 25, 000 or so tax exemption that all Married couples get
Can you address that for us

[dqforever]

I keep hearing 50k In these videos.. is that the amount where the tax benefit matters?

[MrTurbok]

What is the advantage of opening a DAF instead of just making donations to charities each year for the amount of the DAF? Would you not get the instant savings if you just donated the money?

[tylerklepek]

Boris. You are the man. Great explanation.

[Omikoshi]

What’s the advantage of letting the money grow in DAF vs letting it grow in taxable and transferring to DAF? Asides from the immediate tax deduction?

[leland]

You know what everyone is thinking... If I setup my own 501c, I can donate from my DAF to the 501c I manage. Isn't that what the politicians do?

[Mark-yepi]

Cash donations exceeding 60% of your adjusted gross income will be carried over the 5yr rule

[rich]

Why are wealthy donors pouring funds into DAF without even paying out any funds to any charities. Charitable donations are actually decreasing as wealthy donors are increasingly participating in DAFs. You have to tell the whole story. It’s counter productive to charity…and focuses more on tax dodging.