Obama’s Sqaure Deal http://t.co/iCYMOQ8G
Dec 5 (Reuters) – Is using a third party a better way to
donate your charitable dollars?
Tax- and convenience-wise, perhaps. Yet there’s always a
cost when intermediaries are involved, as they are with
so-called donor-advised funds. And you have to keep a close eye
on how the fund is managed to avoid abuses.
Generally, donor-advised funds receive contributions from
investors for distribution to nonprofits. Once you invest in
them – either with cash or securities – you qualify for a
charitable deduction on your federal income tax. You then
direct the managers to make grants to specific charities over