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Can you imagine decreasing your taxable income while simultaneously helping the community around you? This episode of Skeptics Guide to Investing is a must-listen for those who desire to maximize their philanthropic potential and reap the financial benefits of charitable giving. Hosts Steve Davenport and Clem Miller take a deep dive into the world of donor-advised funds; an underutilized vehicle for charitable contributions that provide tax benefits while ensuring your donations reach your chosen causes. We discuss the ins and outs of these funds, and how unused contributions can be carried forward to reduce taxable income in future years. 

Celebrating days of giving, such as Giving Tuesday, means so much more than just a tax write-off, it creates a sense of community and gratitude during the holiday season. To further expand on this, we have a special guest who shares his personal journey with a fidelity donor-advised fund, offering invaluable insights into the process. We also chat about the physiological benefits of giving, from experiencing a rush of feel-good chemicals to reducing stress and blood pressure. By the end of this episode, you'll have a solid understanding of donor advice funds and the remarkable benefits they can offer to both you and your community. So, sit back, tune in, and let's make a difference!

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Disclaimer - These podcasts are not intended as investment advice. Individuals please consult your own investment, tax and legal advisors. They provide these insights for educational purposes only.