Despite economic pressures weighing on Americans, charitable giving remains robust. According to a recent report by Fidelity Charitable, the organization issued nearly $12 billion in grants through its donor-advised fund (DAF) in 2023. Surging donations, provided by more than 322,000 donors, mark a significant increase from previous years and highlight a quadrupling of donations since…
The post Charitable Giving Surges as Donor-Advised Funds Gain Appeal for Tax Advantages and Flexibility first appeared on Wealth of Geeks.