Comeau Quoted in “Donor-Advised Funds Outperforming Family Foundations”
For wealthy families, a family foundation has been the traditional method for charitable giving. However, many have begun turning to a new method, simpler and cheaper donor-advised funds.
Joe Comeau of Andersen Tax says that the donor-advised funds are “suited to routine charity work."
“[A client] doesn’t want to give it all up front,” says Comeau of large donations. Donor-advised funds “is the practice way to deal with a gift.” He advises those making charitable donations to look into all their options to find what will be in their best interest.
July 24, 2103
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