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using a donor advised fund for your annual charitable giving may help you lower your taxes and in this video im going to show you how lets get started [Music] hey there this is patrick king with piranha wealth and on this channel we help you build your wealth faster so you can make work optional sooner so if youre new here please consider subscribing if you give money to your favorite charities every year opening a donor advised fund may be a way to lower your taxes while still supporting the causes that you love heres a quick explanation of donor advised funds and how they can be a great financial planning tool so what is a donor advise fund simply put a donor advice fund is a charitable giving account think of it as a super simple alternative to a personal foundation when you put money into a donor advised fund you get to itemize your contribution as a charitable donation on your tax return well get into those details a little later once you contribute money to a donor advise f