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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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Vanguard Charitable

vanguard charitableVanguard Charitable appeals to donors with its signature low-cost index offerings that cover a broad range of asset classes.

Vanguard requires a minimum of $25,000 to open an account here, and grants can be made in increments of $500 or more to desired charities. Vanguard charges an administrative fee of 0.6%, which drops for investors that have $500,000 or more in the fund.

As mentioned before, index funds are the investment vehicle of choice in this program, and the donor has total control of the asset allocation.

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