WCI #228: Charitable Giving: DAFs vs CRTs vs Private Family Foundation
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 16 September 2021
⏱️ 44 minutes
🧾️ Download transcript
Summary
In this episode we discuss charitable giving and dive into donor advised funds (DAFs), versus Charitable Remainder Trusts (CRTs) and private family foundations. We break down what each of these are and discuss the merits and drawbacks of each option. Learn more about how the IRS supports your charitable desires. https://www.whitecoatinvestor.com/7-ways-irs-supports-charitable-desires/ We also answer listener questions regarding whether to sell or rent your home, allocate the bond portion of your asset allocation towards your primary home mortgage, buy medical evacuation insurance, and life insurance for military members.
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Transcript
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| 0:00.0 | This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:12.0 | Here's your host, Dr. Jim Dolly. |
| 0:18.0 | This is White Code Investor Podcast number 228, charitable giving, D.A.F.s versus CRTs versus Private Family Foundations. |
| 0:26.0 | This story time brought to you by LocomStory.com. Today we'll be reading Docs and Shocks. |
| 0:32.0 | Some Docs are overworked, has work works overworked, workers weary. Some Docs are overstocked, stopped as pandemic TikToks keep Docs off clocks. |
| 0:40.0 | If Docs are in shock as the pandemic clocked TikToks, then Locombs is the token to unburn the burnt out broken. |
| 0:46.0 | Enough ticks have talked. The time is now and Locombs is how. Locom10ins tends to trend as a God sent men to burnt out in. |
| 0:53.0 | For more Locom10ins information, LocomStory.com is your final destination. |
| 0:58.0 | Welcome back to the Podcast. It is September 8th and I think this runs next week. |
| 1:04.0 | Clearly we need to get a little bit ahead in our Podcast. I think this runs on the 16th. |
| 1:10.0 | When you hear this, there is a great thing going on. Maybe it's already over. Actually, don't know right now. It's always exciting to watch this happen. |
| 1:21.0 | You never know how quickly WC icon is going to sell out. |
| 1:26.0 | The first year we did it sold out in six days. The next time we did it sold out in 23 hours. |
| 1:32.0 | So it's possible. By the time you hear this podcast, it may be already sold out. At least the in-person component. |
| 1:38.0 | The virtual component of course has no limitation. And so you can still register for that. |
| 1:42.0 | But if you have not yet registered, and you're interested in coming to WC icon 22, |
| 1:48.0 | aka the Physician Wellness and Financial Literacy Conference, go to whitecodeinvestor.com slash WCIcon22. |
| 1:56.0 | We are in the early bird pricing period right now. And if there are still spots available, you can get those. |
| 2:02.0 | The conference itself is going to be in Phoenix, February 9th through 12th, 2022. We have an awesome lineup already for you. |
| 2:09.0 | We have James Lane coming. We've got Bill Bernstein coming. We have Michelle Singletary coming. |
| 2:15.0 | We've got all kinds of great speakers from the whitecode investor community. It's really going to be a great event. |
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