Donor-Advised Fund for Charitable Giving

Last year, I set up a donor-advised fund through Schwab Charitable. I established this fund to streamline the process of donating to a charity using appreciated stock. After opening this account, I’ve discovered unanticipated benefits as well as a few drawbacks.
Here are some things to know about a donor-advised fund:

My Financial Goals for 2017

As 2016 comes to a close, I’ve been thinking more and more about what I want to accomplish in 2017. This contemplation has involved considering my strengths and figuring out how to address my weaknesses.

What I’ve discovered is that while I’m great a few things (which has helped me tremendously), I need to broaden and update my talents. I often feel like Joel McHale’s character in The Great Indoors: I have experience and knowledge that could be helpful and inspiring to others but I’m not as adept at reaching people.

Still, I don’t want to abandon what I know. Instead, I hope to build upon my background. So, my goals include continuing to improve on my strengths, addressing areas of weakness, and expanding my knowledge.

Here are my goals:

What to Do with Company Stock

Accumulating company stock has been a good way for my family to build wealth. I’ve heard others say they’ve been able to generate income by buying shares at a discounted price and then selling shares at a higher price. In this way, they may have more money available to pay off debt or invest, increasing their net worth.

I won’t argue in favor of or against the inclusion of company stock in an investment portfolio. But we’ve decided not to hold company stock forever. Here are a few things we’ve done with the shares: