ABOUT HOSTS

Joe Anderson
ABOUT Joseph

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $2 billion in assets under management and has grown their client base to over 2,160 in just ten years of the firm opening. When Joe began working with Pure Financial in 2008, they had almost no clients, negative revenue and no [...]

Alan Clopine
ABOUT Alan

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently leads Pure Financial Advisors along with Michael Fenison and Joe Anderson. Alan joined the firm about one year after it was established. At that time the company had less than 100 clients and approximately $50 million of assets under management. As of [...]

Creating a donor advised fund is a great strategy if you’re currently in a high tax bracket and want an immediate tax deduction. It allows donors to make a charitable contribution, receive that tax benefit immediately and then recommend grants from the fund over time. Find out the details of putting this strategy in action and what you can expect to gain from it in this clip of “Your Money, Your WealthSM”.


0:49 “You could put cash into this thing, you could put highly appreciated stock, other assets—it goes into this fund; it’s almost like a family foundation, you manage these assets”

1:17 “You have control over who you’re giving your money to and how much that you give”

1:23 “I can (as a donor) put money into this donor advised fund and get a fairly large tax deduction”

1:30 “We use this strategy quite a bit with our clients, and it does amazing things from a tax perspective but also it gives the client control”
2:14 “Once the money goes in, it’s a one-way street. You can’t pull it back out, so don’t put too much in. It’s going to charity and it’s going to stay in charity but you get to decide what charities get what amounts over your lifetime and there’s no minimum or maximum, so you can start distributing it right away—it’s a very good tool”

3:17 “It’s very much like a private foundation, it works the same way except you don’t have to set up an entity, it’s simply an account that you set up. It’s very easy to do”