Tax Planning

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August 31, 2024 3 min read Definitions

Donor-Advised Fund (DAF): A Flexible Philanthropic Vehicle

Finance Philanthropy Tax Planning Donor-Advised Fund Charitable Giving Tax Benefits Public Charity Philanthropy

A donor-advised fund (DAF) is a philanthropic vehicle set up by a public charity where donors can make charitable contributions, receive immediate tax benefits, and recommend grants from the fund over time.

August 24, 2024 4 min read Definitions

457 Plan: Tax-Advantaged Retirement Savings Account for Government and Nonprofit Employees

Finance Retirement Planning Tax Planning 457 Plan Retirement Savings Government Employees Nonprofit Organizations Tax Advantages

A comprehensive explanation of the 457 plan, a tax-advantaged retirement savings account available to employees of government and nonprofit organizations. Learn about its features, benefits, and how it compares to other retirement plans.