A Last-Minute Reminder To Give Wisely And Charitably

Published Friday, December 14, 2018 at: 7:00 AM EST

With the holiday season here and the end of 2018 closing in, here's a last-minute reminder not to pass up an opportunity to give charitably and wisely.Before the year's end, if you set up a donor-advised fund, or DAF, you gain control on the timing of charitable gifts and choose the securities to give.With a DAF, you contribute securities or cash and claim the deduction that same year. The beauty is its flexibility: You don't have to make grants to charities the same day you put money in a DAF. Later on, you can pick when the charity...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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