financial planning

Charitable Vehicles for Physicians: Sorting Out the Differences

Compassion is one of the hallmarks of the medical profession and physicians, once they’ve attained a measure of professional success, often want to give back to the communities they serve. However, writing checks to a handful of charities is not always the best way to make a difference, nor is it the ideal for your fiscal well being. To maximize your philanthropic impact while enjoying significant tax savings and estate planning benefits, you’ll want to explore charitable vehicles such as donor-advised funds (DAFs) and private foundations.