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This is CBS I in the world. I'm John Bachelord. Donor advised fund. This is philanthropy.

This is the future, especially for those of us lucky enough, boomers, to be here to talk

about the future. I welcome the CEO, Lawson Bader of Donor's Trust, a donor advised fund,

and we're going to begin our conversation with a definition. Lawson, it's wonderful to

greet you again at years end. An exciting year of roller coaster activity in all the

markets, bond market, stock markets, real estate markets. We look to the future. What is a

donor advised fund? Good evening to you, Lawson.

Good evening, John, and Merry Christmas to you. Glad to be back with you at this time of

year. Very simply stated, a donor advised fund is a charitable account that you have, just

like you might have a checking account and a savings account. You make a contribution

into that account of some sort of appreciated stock or cash or property. You receive an immediate

tax deduction for that contribution. Then you have the time to decide how and when you

may recommend a grant and the provider takes care of all the background and the administrative

and you then how to recommend grants at your time and to whom you wish.

You at Donors Trust have a vision that includes your subtitle, the Community Foundation for Liberty.

How does that help us understand the future?

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