Is there some kind of bank account transfer of one lump sum or physical cash or something else?
In: Economics
Bank account (or more likely, investment account) transfer. If they’re donating $100k or something, they’re not showing up with a suitcase of cash. 😜
Some rich people utilize Donor Advised Funds. This essentially lets them donate the money to the fund today, take the tax deduction immediately, and then invest the money and figure out which organizations to donate it to later.
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