Consider a Last Minute Donor Advised Fund

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There is a good article about Donor Advised Funds (“DAF”) in the December 23 edition of the Wall Street Journal.  It’s titled, Giving Back Isn’t Only for Billionaires, and it provides several stories about less-wealthy philanthropists using DAFs for their good intentions.  At Horizon Advisors, many of our clients have set up these special funds and they’re a terrific way to set aside money for charity as well as to control the timing of charitable contributions.  Year-end 2016 may also be an opportune time to set up a DAF to make the most of today’s higher tax rates.  If “taking advantage of higher tax rates” doesn’t make sense, see our recent post, Accelerate Your Charitable Contributions to learn more.

There is still time to act before the end of the year if you are so inclined.  You can generally open a DAF on-line or we would be more than happy to help, although time will quickly run short.  If you’d like to learn more about Donor Advised Funds in general, see here.  Please call if we can provide any assistance.

_______________________________________________________________________________________________________________________Horizon Advisors is a Houston based fee-only wealth management firm. Horizon specializes in helping successful individuals and families understand, organize, and manage their often complex financial situations. Horizon offers integrated financial planning and investment management services.

Horizon Wealth Advisors
Horizon Wealth Advisors is a Houston-based, privately owned, fee-only financial advisor established in 1999. Our mission is to develop long-term relationships with thoughtful, successful individuals, families, and organizations by supporting and assisting them in achieving their financial goals.

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