Donor-advised funds are convenient investing tools, according to this article, allowing wealthy clients to avoid issues that may come with using family foundations. Fidelity and Schwab clients have invested in donor-advised funds at record levels so far this year, and some advisers are recommending that clients eschew foundations in favor of the funds for many reasons, including lower costs and administrative burdens. The article recommends that advisers shop around for a fund that's best for their clients.

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