Donor Advised Funds #doctor #physicianfinance #personalfinance #money #podcast #finance #success

People sometimes ask, what's one thing you've changed your opinion about over the years? And this is my usual answer. Donor Advised funds. I didn't like the fact that people could get the tax break for contributing to a donor advised fund even if the charity never gets the money. I've learned to get over that somewhat. But they're so convenient and it makes it really easy to donate appreciated shares. Remember, when you do that, not only does the charity not have to pay capital gains taxes, but you don't either. And you get the entire value of what you're donating as long as you've owned it for at least a year. And as long as it's a publicly traded company or mutual fund, you get the entire thing as a charitable deduction. So the benefit of the donor advised fund is when you make a donation from it. You can check. I want to be anonymous. And then you are. They don't have your address, they can't send you charity porn, they can't hassle you, they can't call you.