Despite economic uncertainty, some donors may be eyeing bigger gifts for 2022, according to a study. Here’s what investors need to know.
Donor-advised funds may make it easier to give
While some donors may be unsure about 2022, it may be an easier choice if you already have money in a , allowing an upfront donation and the option to pick recipients over time, said certified financial planner David Foster, founder of Gateway Wealth Management in St. Louis. A donor-advised fund is a charitable account for future gifts.
"From my experience, people are still giving roughly the same percentage of either their income or their wealth," said Foster."It's just that their incomes and wealth are down because of the economy."While donor-advised funds are a popular option, older investors may also consider so-called
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