Making the philanthropic decision between a donor advised fund and a private foundation boils down to three main factors. In this episode of the PFP Section podcast, Paul Hood, LL.M, JD, breaks down key differences between these charitable giving strategies and the factors to guide your conversations with clients, including:
The level of contribution or investment
The importance of retaining control
The family’s ability and willingness to participate in the administration
Other considerations like set up costs and management and compliance fees
Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit http://pfplanning.libsyn.com/ to access show notes with direct links.
AICPA members can access more in-depth information on charitable planning in Volume 1 of The Adviser’s Guide to Financial & Estate Planning and the Charitable Giving Toolkit.
Be on the look-out for more from Paul on June 21st in his webcast, Yours, Mine, and Ours: Estate Planning for People in Blended Families (registration coming soon).
This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.
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