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Save on Taxes, Help Others With These 3 Donor-Advised Funds

These charitable funds provide a quick tax deduction

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Fidelity Charitable

fidelity charitableFidelity Charitable is an easy way to get started in such a program, requiring an initial donation of just $5,000 to get started. Grants then can be made in increments as little as $50 to approved 501c3 organizations of your choice.

The plan charges an administrative fee of 0.6% annually or $100, whichever is greater.

Investment choices include asset allocation pools, as well as index and single-asset-class pools, which can match a donor’s time horizon with an appropriate mix of stocks and bonds.

Fidelity Charitable makes use of the Fidelity Asset Manager funds, which come in several flavors that allow a donor to choose a conservative mix or a stock-heavy allocation. This plan is great for all investors with a low minimum to get started and solid investment choices to grow the donated funds.

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