Want to share the wealth, but don't know where? Financial experts point to donor-advised funds as a good choice.
By G. Jeffrey MacDonald | Correspondent of The Christian Science Monitor
Establishing an endowment for charitable distributions is no longer the exclusive province of the wealthy, thanks in large measure to intensifying competition in the financial services industry.
In October, the Fidelity Charitable Gift Fund cut the minimum amount required to open a donor-advised fund in half. Donors may now establish a fund, which is an investment account earmarked for charitable distribution, with as little as $5,000."