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Wall Street Journal highlights Donor Advised Funds. Itís not too late to give! - 12/28/2016 -

In the December 23, 2016 edition of the Wall Street Journal, Laura Saunders highlights the powerful aspects of a Donor Advised Fund in her article, "Charity Accounts Become the Hot Holiday Must-Have.Ē Saundersí message is consistent with that of Community Foundation of Acadiana. Some excerpts include:

  • These fundsí popularity stems from their flexibility and tax advantages, which allow donors to contribute assets and deduct the gift right away while designating charitable recipients much later.
    • Meanwhile, the account assets can be invested and grow tax-free.
  • CFA promotes Ďseparately-managed accountsí managed by the donorsí own trusted financial advisor/firm.
  • In 2016, the biggest drivers lately are proposals in Congress to limit the value of charitable deductions, either by lowering tax rates or cutting the deductible amount.
  • In addition, markets rose to record highs recently, and there are tax benefits for donating appreciated assets rather than cash.
  • Individual giving accounts (Donor Advised Funds) have become an alternative to private foundations for the wealthy.

Itís not too late for 2016:

  • Make a tax-deductible contribution to your already-established Fund;
  • Establish your named Donor Advised Fund;
  • Share this message with family, friends, or clients.

Thank you for your continued trust and confidence in YOUR Community Foundation of Acadiana. Click here to give. 



 

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