Yes it does, and indeed that is another huge pro of them when compared to a normal savings fund. There are some cons of them often they are cumbersome to first set up and require a fairly large minimum deposit. But overall something I wish more EAs considered.
The other disadvantage of donor advised funds is that they often have restricted investment options. However, my financial advisor finally found one with investment freedom called the Community Foundation in Boulder (you don’t have to be in Boulder Colorado to use it, but you would need to be in the US to get the tax deduction).
Yes it does, and indeed that is another huge pro of them when compared to a normal savings fund. There are some cons of them often they are cumbersome to first set up and require a fairly large minimum deposit. But overall something I wish more EAs considered.
The other disadvantage of donor advised funds is that they often have restricted investment options. However, my financial advisor finally found one with investment freedom called the Community Foundation in Boulder (you don’t have to be in Boulder Colorado to use it, but you would need to be in the US to get the tax deduction).