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Get your taxes done using TurboTax
@maglib's answer is correct. Retired CPA here, also had a very standard DAF with a local community foundation for a number of years. The initial donation of either cash or of stock which will immediately be turned into cash by the charity, is not normally characterized as a restricted donation, because grant recommendations are legally just that: "recommendations".
‎April 18, 2024
7:00 PM
11,471 Views