I have read on how these work and I am not seeing any downside....there was only a few mentions on this topic in the TPT history and they were more than a few years old. Just want to be sure none of the hoards of new regulations have changed anything.
Client has quite a bit of unrealized capital gains on mutual funds he' had for decades. He realizes the DAF's have fees and they are not deductible, but it will allow anonymous giving vs giving the appreciated stock directly to a specific charity.
Any special reporting requirements?? He is looking at Vanguard for this so I would assume they would provide some sort of statement to him acknowledging the contribution to the DAF.
Any pitfalls I need to watch for??
Thanks in advance!