A Conversation with Vanguard Charitable Chief Financial Officer Mark Froehlich

While the donor-advised fund is not a new vehicle for charitable giving, the DAF landscape is not a static one, and there is strong evidence to suggest that many financial advisors could do more to meet their wealth management clients’ expectations around philanthropy planning.

In this episode of ThinkAdvisor’s Ask the Retirement Expert series, podcast host John Manganaro speaks with Mark Froehlich, chief financial officer at Vanguard Charitable, about the increasing importance of DAFs in the legacy planning arena.

Traditional charitable foundations remain an important tool for wealthy donors, according to Froehlich, but DAFs are growing at a much faster rate. These and related philanthropy trends mean that advisors who aren’t engaging with their clients about their charitable giving plans are leaving value on the table, and they could even find themselves being supplanted by advisors who take a more holistic approach.

Other topics discussed in the episode include:

• How philanthropy planning and retirement planning go hand-in-hand.
• The special tax treatment and other nuances associated with DAFs.
• The importance of careful due diligence in the granting process and more.

To listen to the previous episode, click here.

To listen to additional podcasts within the Ask the Retirement Expert series, click here.