You don't have to be filthy rich to give as if you were. Donor-advised funds are becoming the vehicle of choice for mainstream investors.
By Ellen McGirt, Fortune
December 15 2006: 7:37 AM EST
(Fortune Magazine) -- So you're not Warren Buffett or Bill Gates. There's no reason you still can't give like a billionaire. Donor-advised funds - investment accounts that let you deposit assets for an upfront tax deduction, then make donations to charities of your choice - have become a popular option for investors.
'These funds are offering people an easy way to give that they never thought was available to them,' says Stacy Palmer, editor of The Chronicle of Philanthropy."