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Donor-advised funds explained

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Donor-advised funds are growing in popularity as simple, flexible and affordable giving vehicles not reserved just for the extremely wealthy.

This guide from the Journal of Financial Planning explores different ways of setting up a donor-advised fund, where to find a sponsoring organization, and the advantages and disadvantages of this method of giving compared to others.

Author and financial services advisor Elfrena Foord discusses costs, tax implications and family considerations related to setting up a donor-advised fund rather than a private foundation.

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