simple, my itemized deductions not including charity= 12-14k, so next year I would have to give 12k+ in charity in order to start capturing any tax benefit on my charity.
This year I'm still itemizing so if I load an additional year or so worth of charity to a DAF I would get the benefit right back in a few months at tax time (25% back).
Am I missing something?
Sounds right.
So suppose someone gives 10k, you will save 2500 if you are in the 25% bracket.
How does it work? Lets say you give them 10k. Which charities can you then give the 10k to?
What fee do they charge for you giving them 10k to distribute? (If anything they should pay you, since they can invest your money until you tell them where to send it.)