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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (60234)12/27/2017 9:21:15 AM
From: Rarebird2 Recommendations

Recommended By
Jurgis Bekepuris
research1234

   of 78958
 
I also use the Fidelity Donor Advised Fund (DAF). I like it very much because it allows me to front load charity deductions. That is to say, I get a tax deduction as soon as I transfer assets in. I then can take my time deciding which charity to give my money to. Doing it the other way is inhumane. You fill out a partial transfer form and have to gather the information yourself from the charity and make a spontaneous decision who to give the assets to. It is also much more time consuming. Outside of doing all the paperwork yourself, you have to scan or fax the info over to them and then wait for them to disburse the shares to the charity. I have done it this way in past December's and it can take 4-5 days before it gets done whereas with a DAF it is a one day affair and all the charities I give to are on the list. I suppose if you don't mind playing market timer with the potential charities you want to give to, go ahead. I've done this with TD Ameritrade and I wouldn't do this again. In fact, if TD Ameritrade doesn't get a DAF by next summer, I am transferring all assets out to a broker with a DAF. The only investment firms that I am aware of that offer this are Fidelity, Schwab and Vanguard.
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