I want to let you in on a little secret... you do not have to be a billionaire in order to be philanthropic. There are many ways to give to charity, including gifts of your time! But in today's episode, I am chatting with my guests about a specific vehicle for charitable giving - the "donor-advised fund" or "DAF". It is a really neat alternative to setting up a private foundation, and can open up options for families to work together to plan their philanthropy for years to come! (And yes, there are also some tax benefits!)

In this episode, I am chatting with Jen Pederson and Joanne McGrath of the Saskatoon Community Foundation all about DAFs, including a discussion of the following topics:

What is a donor-advised fund? (5:15)
Endowment funds (13:13)
How are DAFs taxed? (20:50)
Are there thresholds for giving? (24:25)
Quick "hot tips" about DAFs - including how to incorporate it into your estate plan (26:50)

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Guiding Generosity: Navigating Donor-Advised Funds