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Tuesday, June 25: WLTR-FM, 91.3 Columbia, will be periodically off the air for several hours beginning at 11:00 p.m. as our engineering crew performs equipment maintenance. Streaming on this website is unaffected.

What is a donor-advised fund?

You may have heard us mention the term “donor advised fund” on this program during one of our weekly discussions with a financial planner, but we haven’t gone into much detail about what one is and how it works. We will today. Mike Switzer interviews Alex Chastain, a certified financial planner with Abacus Planning Group in Columbia, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.