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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Empowerment Plan is a nonprofit aimed at helping countless homeless people find jobs. To combat the country’s homeless crisis, the Plan hires homeless people and teaches them how to make coats for the homeless suffering on the streets.