For many business owners and wealth creators in retirement, the IRA is a relic of earlier accumulation — a tax-deferred account that now forces withdrawals you may not need. Whether it’s your own IRA or one you’ve inherited, these distributions are an obligation, but they can also become a tool for purpose, generosity, and legacy that you can thoughtfully deploy.

For individuals and families who want to make a lasting charitable impact while maximizing tax efficiency, Donor-Advised Funds (DAFs) have emerged as one of the most powerful giving platforms available today. Here are five financial advantages that donor-advised funds offer:

Philanthropy plays an increasingly important role in comprehensive financial planning. For individuals and families who wish to make a lasting charitable impact while maximizing tax efficiency, Donor-Advised Funds have emerged as one of the most powerful giving vehicles available today.