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Do Good With a Donor-Advised Fund
The Kiplinger - Budding philanthropists can invest their money and give to their favorite charities.
The perfect vehicle for budding philanthropists is a donor-advised fund. Such a fund lets you turn over assets (money, stocks, bonds) to a program run by a financial-services firm, a community foundation or a charitable group. You then advise the program to give to your favorite charities. The program invests your assets, and as they grow, you have more money to grant. You also get a tax deduction in the year you make a contribution. Read more...
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