Small Business Tax Savings Podcast Are You Donating Wrong? How Donor-Advised Funds Maximize Your Charitable Deductions
If you're already giving to charity, you're leaving thousands of dollars in tax deductions on the table.
What is a donor-advised fund and why should you care? Mike sits down with Adam Nash, CEO of Daffy, to break down how Donor-Advised Funds (DAFs) work and why they can be a powerful tax strategy for business owners and high-income earners.
If you regularly give to your church, your kids’ school, your alma mater, or other charities, this episode shows you how to give more strategically, reduce taxes, and increase your impact.
👉 Ready to turn your charitable giving into a real tax strategy? Open a donor-advised fund with Daffy and start giving more strategically today: https://www.daffy.org/taxsavings/invite
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Chapters
(00:00) What Is a Donor-Advised Fund?
The basics: how DAFs work as a tax-advantaged account for charitable giving, similar to a 401(k) for retirement.
(04:45) Tax Deduction Limits: 60% for Cash, 30% for Stock
How much you can deduct from your AGI and why bonuses, windfalls, and liquidity events are ideal times to use a DAF.
(06:30) Why DAF Donations Are Irrevocable (One-Way Trip)
Understanding that donor-advised funds are 501(c)(3) charities and why you cannot take the money back.
(09:00) The Double Tax Win of Donating Stock
How donating appreciated stock gives you a full market value deduction and eliminates capital gains taxes.
(11:30) The New 0.5% AGI Floor and Bunching Strategy
How the recent tax law created a deduction floor and why bunching multiple years of giving into one high-income year makes sense.
(15:00) How to Actually Use a DAF Day-to-Day
The mechanics of contributing, distributing to multiple charities, and setting up recurring donations.
(20:45) Setting Up a DAF in Under 60 Seconds
The simple setup process, Daffy's flat monthly fee structure, and how it compares to percentage-based pricing models.
(28:30) Investment Options and Portfolio Control
How donated funds are invested tax-free and what level of control donors have over portfolios.
Podcast Host:
Mike Jesowshek, CPA – Founder and Host of Small Business Tax Savings Podcast
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🎙 ABOUT THE PODCAST
The Small Business Tax Savings Podcast is your go-to resource for cutting-edge tax strategies to help entrepreneurs legally slash their tax bills. Hosted by Mike Jesowshek, CPA, this show breaks down complex tax topics into clear, no-fluff insights so you can keep more of your hard-earned money.