Donor-advised funds and family foundations offer a charitable win-win.
Individuals, couples and families can make a bigger impact while availing themselves of tax breaks and other benefits.
Family foundations are good for managing a lot of money and creating scholarships or grants.
If a foundation becomes too cumbersome to manage, or its assets are depleted, any remaining funds can be transferred into a DAF.
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Many people, organizations and businesses in Miami are actively committed to philanthropy. As Javier Alberto Soto, president and CEO of the Miami Foundation, puts it, “Miami is home to a young, diverse demographic that’s looking for ways to get involved, ways to improve our community that aren’t traditional, like a formal gala.”