FI Weekly – November 21, 2023: Donor Advised Funds, Amazon Savings, Essential FI Math
Donor Advised Funds, ChooseFI AI and Jonathan Returns Alan wrote in: “Could you discuss donor advised funds at some point? I am trying to figure out if something like this makes sense as a part of my overall FI plan. I would like philanthropy to be integrated into my strategy, but am wondering if the fees are worth it. Has this ever come up on the show in the past?” I actually ran the Google search “Donor Advised Funds ChooseFI” and what came up was this amazing response from the AI site Dexa.ai I told you about a few months ago that made all 600+ episodes of ChooseFI searchable by creating a “Brad Barrett AI.” It took what we talked about in Episodes 67R and 351 and created a succinct answer to the question “how do donor advised funds work?”: “Donor advised funds are a tax-optimized way to make charitable contributions. Here’s how they work: 1) You contribute to a donor advised fund, which can be opened with brokerages like Fidelity or Vanguard. This contribution can be in the form of cash, securities, or property. 2) You receive a tax deduction for the fair market value