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in2herbs

(4,589 posts)

19. I totally agree with you however, every contract with a financial advisor contains this clause. When one

Reply to Skittles (Reply #18)

Sat May 30, 2026, 01:14 AM

Yesterday

signs on for a DAF through their financial advisor the FA funnels the DAF money through his financial investment company's 501(c)3 sponsoring charitable organization. All DAF donations go into a pool with other donations to this 501(c)3 org. The investor (working American) can designate the charity but no longer is in control of his donation because the financial investment company is under no obligation to comply because of discretionary investment authority --- and there is no way the investor can ever be sure the designated donation was delivered.

Meanwhile the financial investment company makes bank by taking a percentage of the DAF donation for its fees.

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A Badger Pinback

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Highlight:

No tax charges filed in Southern Poverty Law Center probe, after IRS lawyers determined informant program legally struct [View all] riversedge Friday OP

Ha ha ha ha ha!! Pinback Friday #1

American workers who use a DAF to make charitable donations via their IRAs should be aware that in2herbs Friday #2

Yep. Pinback Friday #3

You are very smart! nt in2herbs Friday #4

can you cite a source for that Skittles Friday #11

No I meant what I wrote -- DAF. A QCD is for seniors who receive their RMD. There were news articles and in2herbs Friday #12

I understand they were paused Skittles Friday #13

Exactly. I am unaware of any DAF making onenote Friday #14

I'm thinking DAF or QCD, that would be highly illegal? Skittles Friday #16

This message was self-deleted by its author onenote Friday #15

The discretionary investment authority giving them the authority to make alternative donations is in2herbs Friday #17

anyone would be a fool to agree with that Skittles Yesterday #18

I totally agree with you however, every contract with a financial advisor contains this clause. When one in2herbs Yesterday #19

glad I never did one Skittles Yesterday #20

Well, this is a surprise. Biophilic Friday #5

I think the walls may be closing in, finally nuxvomica Friday #7

I seriously hope that they are at least a little afraid. Biophilic Friday #9

This is not about the current BS prosecution. It's pointing out that the IRS (in The Rapist's 1st term) muriel_volestrangler 21 hrs ago #22

The revenge regime is thankfully not great a lawfare. littlemissmartypants Friday #6

So much losing senseandsensibility Friday #8

"The indictment does not contain any tax-related charges" Pompoy Friday #10

But hey, Igel 3 hrs ago #23

Pig nazi dogs ran into a brick wall wolfie001 21 hrs ago #21