People donate to charity for many reasons – passion for a particular cause, to make a difference in the world or to generate a charitable tax deduction. As donors become more sophisticated, an experienced wealth advisor will help a client combine and achieve these goals. As those planning conversations progress, the benefits and differences between a Donor Advised Fund and Private Foundation will be explored. Below we take a look at each of these common choices.
ABOUT OUR EXPERT: Laura M. Sweeney, Partner
Laura Sweeney is a Partner with Southern Wealth Management, LLP. Laura has focused her career in the wealth management field for the past 25 years. She specializes in providing comprehensive financial planning, estate planning and philanthropic planning to wealthy families and individuals.
Laura has a Bachelor of Arts in Psychology from Russell Sage College, a small women’s college in upstate New York, and her Juris Doctorate from Albany Law School. In addition, Laura has achieved the professional designation of CAP – Chartered Advisor of Philanthropy.
Outside of SWM, Laura has held various positions on the Plano West Lacrosse Club Board and is their current Vice President. She lives in Plano with her husband, Don and their two sons, Greyson and Declan.