International giving is on the rise. It now represents about 5% of all giving, approximately double what it was 10 years ago, according to Ken Nopar, a Chicago-based consultant who advises wealth managers on philanthropic matters.
But many countries don’t vet charities the way the U.S. does, making it more difficult to get favorable tax treatment when donating to an overseas charity. That's spurring many advisors, and their clients, to consider donor-advised funds (DAFs) as a vehicle that can help them make a long-term impact internationally -- whether that's by contributing to a school in Malawi, or to aid for victims of a typhoon in the Philippines or an earthquake in Haiti. Fidelity Charitable, which operates the nation’s largest DAF program and is associated with Fidelity Investments, is providing guidance to donors who want to help fight Ebola in West Africa.
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