Donor advised funds are essentially charitable investment accounts that can make the process of donating to charities more cost-effective and efficient. More and more people are noticing the benefits of donor advised funds – since 2010 the number of donor advised funds has grown by four percent each year according to the National Philanthropic Trust’s Donor-Advised Fund Report.
Christopher Portner, a financial planner with Heritage Financial Consultants and a registered representative of Lincoln Financial Advisors, has helped clients set up donor advised funds to leave a legacy for future generations or create an annual giving plan to lasts in their memory.
Christopher shared how individuals can take advantage of donor advised funds in the Baltimore Business Journal. In the column, he explains the differences between donor advised funds and private foundations, how donor advised funds work and who these funds are right for.
To read Christopher’s column in the Baltimore Business Journal and to find out if a donor advised fund is right for you, click here. To access the complete article, you will need to have a subscription to the Baltimore Business Journal.
If you’re interested in learning more about donor advised funds and charitable giving, please contact Heritage Financial Consultants here.