A donor-advised fund (DAF) allows immediate tax deduction and strategic grants over time, maximizing charitable impact. It serves as a 'lily pad' for assets before reaching charities.
By gifting appreciated assets like bitcoin to a DAF, individuals can avoid capital gains taxes on the appreciation, allowing flexibility to align giving strategy with financial goals.
DAF offers the choice to hold assets, convert to cash, or diversify investments on the 'lily pad' before making the final leap to chosen charities, enhancing charitable impact.
Recipient charities of DAF grants can range from hospitals and schools to bitcoin development non-profits, highlighting the diverse giving opportunities and benefits of this charitable tool.
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