{"id":8919,"date":"2023-11-22T13:15:29","date_gmt":"2023-11-22T18:15:29","guid":{"rendered":"https:\/\/www.nptrust.org\/?p=8919"},"modified":"2024-07-17T10:59:56","modified_gmt":"2024-07-17T15:59:56","slug":"why-connect-about-donor-advised-funds-this-giving-season","status":"publish","type":"post","link":"https:\/\/www.nptrust.org\/philanthropic-resources\/philanthropist\/why-connect-about-donor-advised-funds-this-giving-season\/","title":{"rendered":"Why Connect About Donor-Advised Funds This Giving Season"},"content":{"rendered":"\n

The last few months of the year are not only a time for joy and celebration but also a period for reflection and giving back. Many affluent clients and their families are planning their charitable contributions and deciding which assets to give. As their trusted financial advisor, you hold a privileged role in helping them navigate this process, guiding them towards impactful and tax-advantaged decisions \u2014 and your clients are likely to be receptive to your input. According to a recent Bank of America Study<\/a>, almost 60% of affluent donors consider charitable giving to be either very or somewhat important to their personal values and a fundamental part of their overall wealth experience.<\/p>\n\n\n\n

As we approach the year’s end and the season of giving, now is the time to initiate discussions about philanthropy. Here\u2019s why donor-advised funds (DAFs) should be a cornerstone of these conversations.<\/p>\n\n\n\n

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DAFs Simplify Giving<\/h3>\n\n\n\n

With over 1.9 million accounts and grants totaling $52.16 billion in 2022<\/a>, donors are increasingly choosing DAFs to facilitate their giving. Why have DAFs become so popular? Put simply, they make the act of giving more straightforward and offer tax advantages that other giving vehicles do not. These benefits make DAFs especially attractive at year-end when clients are pressed to complete charitable contributions before the new year.<\/p>\n\n\n\n

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How To Connect with Clients About DAFs<\/h3>\n\n\n\n

We have established that clients value your experience in philanthropic planning. But are you sharing your wealth of knowledge with them, and are you communicating to your clients that you possess it?<\/p>\n\n\n\n

To support you in your DAF outreach efforts, we have developed the Giving Season Activation Toolkit for Advisors.<\/p>\n\n\n\n

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NPT\u2019s Giving Season Activation Toolkit<\/h3>\n\n\n\n

This resource equips you with the tools you need to engage with your clients thoughtfully throughout the season. It includes:<\/p>\n\n\n\n