Amid the Crises in 2020, DAFs Continued to Expand

Despite the coronavirus pandemic, 2020 was another fantastic and charitable year for donor-advised funds (DAFs). When the markets initially plunged and fundraisers were no longer allowed to happen in person, DAF donors stepped up to support both their favorite charities and others that addressed critical needs.

When markets bounced back, donors continued to give, and year-end giving was again strong, which is something we love to see. 

Charitable Planning

As an advisor, we play a large part in helping our clients plan their charitable giving. Regardless of who donated, it was truly amazing to see that despite a global pandemic, people who were in the position to do so remained charitably inclined. At Sherman Wealth, we always stress the importance of giving back to the community, especially when you are in a financial position to do so. If you are considering giving back or donating to your favorite charity, please reach out to us with any questions you may have on going about your charitable giving. We are happy to help in any way or discuss your options in a free 30-minute consultation on our site.