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Creating a Legacy
Establishing a Donor Advised Fund
The names echo with familiarity. Names like Rockefeller, DuPont, Carnage, and most recently Bill Gates and Warren Buffett. They are among the families who have established America's greatest Private Foundations. Through the vehicle of the Private Foundation, they have seen their philanthropic vision take shape, and to a great extent, have defined philanthropy.
In many ways, the Private Foundation has seemed an ideal tool. It allows for involvement in a wide range of charitable ventures, while making it possible for the donor to retain complete control of giving decisions.
And, while the Private Foundation may have benefits for those with very large assets, it is far from ideal for everyone.
A new strategy brings the lasting legacy of the Private Foundation to a wider range of families. It is known as the Donor Advised Fund. While it is rooted in the same broad charitable support and lasting impact as the Foundation, for many, the DAF offers even greater benefits and increased flexibility.
When all of these benefits are considered, it's easy to see why so many families are taking a serious look at a Donor Advised Fund.
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