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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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T. Rowe Price Program for Charitable Giving

T. Rowe Price Program for Charitable GivingThe T. Rowe Price Program for Charitable Giving is an attractive option that offers six different investment pools for donors to choose from.

Solid investment choices and reasonable costs add to the appeal of this program. To open an account requires $10,000, and grant requests may be made starting at $1,000. The plan charges 0.5% as an administrative fee on assets.

For these investment pools, index funds are part of the mix alongside of some of the firm’s better actively managed funds. In some cases, funds that are closed to new investors are in the pool of funds available here. For example, T. Rowe Price Mid-Cap Growth (RPMGX) is a fine fund that is included in this program even though it is closed to new retail accounts.

Bill Wysor is the editor of The Relevant Investor. As of this writing, he did not hold a position in any of the aforementioned securities.

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