I want to let you in on a little secret... you do not have to be a billionaire in order to be philanthropic. There are many ways to give to charity, including gifts of your time! But in today's episode, I am chatting with my guests about a specific vehicle for charitable giving - the "donor-advised fund" or "DAF". It is a really neat alternative to setting up a private foundation, and can open up options for families to work together to plan their philanthropy for years to come! (And yes, there are also some tax benefits!)In this episode, I am chatting with Jen Pederson and Joanne McGrath of the Saskatoon Community Foundation all about DAFs, including a discussion of the following topics:What is a donor-advised fund? (5:15)Endowment funds (13:13)How are DAFs taxed? (20:50)Are there thresholds for giving? (24:25)Quick "hot tips" about DAFs - including how to incorporate it into your estate plan (26:50)CONNECT WITH JEN AND JOANNE:Saskatoon Community FoundationJen Pederson - LinkedIn Joanne McGrath - LinkedIn Saskatoon Community Foundation - LinkedIn Facebook Instagram HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: [email protected]@tax.chick (IG) LinkedInBe a "Tax Chick VIP"

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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