Could Donor-Advised Funds Soon Be as Popular as 401(k)s?

Interest in this charitable giving tool is growing as it offers simplicity and tax benefits similar to 401(k)s.

Cash is arranged to form a heart shape.
(Image credit: Getty Images)

As the economy continues to ebb and flow in a post-COVID world, consumers are looking for straightforward financial wins, but often they aren’t sure what moves to make or what tools to use. Most Americans are aware of 401(k)s, even though 40% of Americans do not fully understand the fees and the rules surrounding them.

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Stephen Kump
Co-Founder & CEO, Charityvest

Stephen Kump is CEO of Charityvest, a modern donor-advised fund (DAF) technology company making purposeful generosity more accessible and frictionless for all. Prior to Charityvest, Stephen worked for over 10 years as a consultant to nonprofit organizations, philanthropists, corporate leaders and private equity investors, most recently with Bain & Company. He is a former U.S. Army cavalry officer and holds an MBA from the Yale School of Management.