Hi all,
Maybe it is too late to understanding anything for the exam.
Can somebody explain to me in short with plain english what is the donor-advised fund.
How I am going to receive cash,who and when pay tax?Thanks your help.
It involves receiving a tax deduction by gifting to a charity and influencing the use of the donation.
This is exactly right. Another name for a Donor-Advised fund is Charitable Trust. The whole premise is that you do this as oppose to just a straight donation so that you retain a level of influence.