But recently, we set up a donor-advised fund for a client and his family is now using it in a way that turned a good idea into a great idea—and one that helps solidify their family legacy.This family deemed that a certain dollar amount per year would go to the family’s charity of choice. The catch: each family member would need to present his or her case for why their chosen charity should receive the funds. So each year, each family member ultimately presents, then they vote and the winner gets the lion’s share of the allocation while the others still receive a nominal amount. It’s awesome working with successful and charitable people and even better when we can learn from their creativity.
Disclosure: The above scenario is for illustrative purposes only and is not intended to depict an actual client or circumstances. This material is not financial advice, an offer to sell, or a solicitation of an offer to purchase any security managed by SYM Financial Corporation (“SYM”). The opinions and assumptions expressed herein are those of SYM Financial Corporation (“SYM”) and are subject to change without notice. SYM is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about SYM including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request.