The article discusses the growing role of women in financial decision-making, particularly in charitable giving, as they prepare to inherit significant wealth. GoFundMe's Margaret Richardson highlights this trend and introduces the new Giving Funds product, a donor-advised fund that simplifies the process of charitable donations. This product allows users to make tax-advantaged contributions, which can grow through investments before being donated to charity. The article emphasizes the importance of empowering women to manage their finances effectively, especially in light of the impending wealth transfer.
Women are often the charitable decision makers already in their families, and we see that trend continuing as women have more resources and more responsibilities.
That's according to Margaret Richardson, GoFundMe's chief marketing and corporate affairs officer, who I talked to last week about women and philanthropy and the company's newest product launch.
The benefit is that you can donate now, get that tax deduction now, invest the funds, and then have more to give to charity later.
DAFs are growing in popularity, as I wrote last year. They are tax-advantaged accounts for charitable giving.
#women-and-philanthropy #charitable-giving #wealth-transfer #donor-advised-funds #financial-decision-making
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