The Ethic Playbook: Donor-advised Funds
Tuesday, December 12, 2023
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December 2023
The Ethic Playbook: Donor-advised Funds
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A tool for combining charitable giving with financial goals

by Morgan du Plessix

What if you could support all of your favorite charities while growing your philanthropic dollars tax-free? A donor-advised fund, or DAF, is a charitable giving vehicle that can help you to do just that by reducing your tax burden while helping you plan for future generations.

DAFs are the fastest-growing charitable giving product on the market, with contributions totaling an all-time high of $85.53 billion in 2022. Relationship manager Morgan du Plessix dives into the rapidly expanding world of DAFs in this episode of “The Ethic Playbook.”

While simply donating is always a great option for charitable giving, DAFs offer a few key differentiating features: 

  1. They allow investors to divvy up their charitable contributions to multiple worthy causes, not just one. 
  2. DAF contributions are eligible for a current-year tax deduction and non-cash assets can be gifted without incurring capital gains taxes, allowing all of the proceeds to be given to the charities the investors are passionate about.
  3. DAFs are not subject to estate laws, which means that future generations may use that vehicle to continue the tradition of giving.

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Contact your relationship manager to learn more about partnering with Ethic to help your clients achieve both their charitable giving and financial goals.

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Sources and footnotes

Ethic Inc. is a Registered Investment Adviser located in New York, NY. Registration of an investment adviser does not imply any level of skill or training. Information pertaining to Ethic Inc’s registration or to obtain a copy of Ethic Inc.’s current written disclosure statement discussing Ethic Inc.’s business operations, services and fees is available on the SEC’s Investment Adviser Public Information website – www.adviserinfo.sec.gov or from Ethic Inc. upon written request at support@ethicinvesting.com. Information provided herein is for informational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Any subsequent, direct communication by Ethic Inc. with a prospective client shall be conducted by a representative of Ethic Inc. that is either registered or qualifies for an exemption or exclusion from registration in the state where a prospective client resides. Information contained herein may be carefully compiled from third-party sources that Ethic Inc. believes to be reliable, but Ethic Inc. cannot guarantee the accuracy of any third-party information.

Ethic Inc. does not render any legal, accounting, or tax advice. Ethic Inc. recommends all investors seek the services of competent professionals in any of the aforementioned areas. Ethic Inc. cannot provide any assurances that any investment strategies, simulations, etc. will perform as described in our materials. ALL INVESTMENTS INVOLVE RISK, ARE NOT GUARANTEED, AND MAY LOSE VALUE. BE SURE TO FIRST CONSULT WITH A QUALIFIED FINANCIAL ADVISER AND/OR TAX PROFESSIONAL BEFORE IMPLEMENTING ANY STRATEGY.

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