- Oct 23, 2017
- 2,408
- 5,295
My wife inherited a small amount of money, about $8k, that she would like to set up in an investment that would allow her to annually siphon off gains and donate them to a qualified charity of her choice.
A bigger dollar amount to invest would lead us to a Donor Advised Fund, which is exactly the concept that she would like to mimic, but it doesn't make sense for such a small capital amount.
I would like for it to have the least possible impact on our joint tax bill, so I'm thinking of tax free munis, but haven't had the time to do proper analysis yet.
Does anyone have any suggestions?
A bigger dollar amount to invest would lead us to a Donor Advised Fund, which is exactly the concept that she would like to mimic, but it doesn't make sense for such a small capital amount.
I would like for it to have the least possible impact on our joint tax bill, so I'm thinking of tax free munis, but haven't had the time to do proper analysis yet.
Does anyone have any suggestions?