A Client who is over 75 year old, sent me an article from the Kiplingers Retirement Report July 2018 " Mid Year Moves to Rein In Your Tax Tab". This client has many charitable deductions, and with the new tax laws will lose 2% AGI investment expense deductions in 2018, therefore we are discussing tax strategies into the future.

The article suggests there may be a benefit to "bunch charitable gifts" and suggests using a Donor Advised Fund. The example: " You may contribute to the fund this year to get a tax deduction, but you can direct how to give the money to a charity at a future time....instead of spreading out a charitable contribution at $10,000 per year for the next 3 years, you could contribute $30,000 to a Donor Advised Fund this year, itemize your deductions using the $30,000 this year, then take the standard deduction in the next 2 years.Meanwhile you could still dole out $10,000 each year over the next 3 years from the donor advised fund."

I understand the statement up until the last line. I understand the benefit of a $30K itemized deduction in year 1. Maybe I'm missing something but I don't understand what then would be the benefit to dole out $10,000 per year for the next 3 years if the client takes the standard deduction.

Question 1: Has anyone advised a client to use a Donor Advised Fund as listed above? If so, what steps does the client need to take to set up a Donor Advised Fund?

Question 2: In my view, it might be better strategy to advise the Client to set up a QCD, since the client's age is appropriate and the client has IRAs. Would you agree?

Thank you, all thoughts are welcome.

EA_TAX, NY