Ryan Boland, Fundraising Manager, Fidelity Charitable met with Julie Cooling, Founder & CEO, RIA Channel to discuss how advisors can add value through donor-advised funds.
“Donor-advised funds are a terrific way for advisors to bring up the charitable conversation to clients,” says Boland. Similar to family foundations, donor-advised funds allow donors to efficiently put cash, stocks, or private assets towards causes that are important to them. When a client invests in a donor-advised fund, their contribution has the ability to grow tax free. The donor can make grant recommendations as well as keep the fund under their name.
Fidelity Charitable, a non-profit organization, is the largest sponsor of donor-advised funds in the industry. Facilitating more than $5.2 billion in grants last year, Boland expects this number will be surpassed in 2019.