In prior blogs, I explained how a donor advised fund works in detail. Basically, you make a contribution to the fund now and take a deduction in the year you make the contribution. In future years, you, as the adviser, can direct distributions to the public charity of your choice. A donor advised fund may be useful to aggregate charitable gifts into one year to enable itemizing deductions while taking the standard deduction in other years. A gray area has been the satisfaction of pledges made … [Read more...] about Donor Advised Funds: IRS Issues New Ruling
