Advising Your Charitable Client
A partner for your clients
We understand the nuanced nature of the trusted advisor relationship. Developing a charitable plan that takes into account your client's financial and charitable needs is no small task.
We want to be your philanthropic partner as you assist your clients.
We follow your lead in serving your clients and join in discussions only if or when you need us. Our primary goals are to inspire charitable giving and to help your clients build lasting testaments to their names, families and the causes they care about most.
Year-End Tax Planning
Scenario: Your client just earned a large bonus and wants to give a portion back to the community, but doesn't have time to decide on the most deserving charities.
Solution: Recommend establishing a Donor-Advised Fund for an immediate income tax deduction and the ability to stay involved in recommending uses for the gift for years to come.
Scenario: Estate planning identifies significant taxes going to the IRS, but your client wants to direct dollars for local benefit.
Solution: The Foundation can work with you and your client to reduce the taxable estate through a charitable bequest or other planned gift. Your client's gift will create a legacy of caring in the community that stays true to the charitable intent forever.
Scenario: Your client is thinking about establishing a private foundation but is looking for a more cost-efficient, simpler way to conduct their charitable giving.
Solution: The Foundation can help you and your client analyze the pros and cons of creating a Donor-Advised Fund, a Donor Designated Fund, or a Field of Interest Fund versus a private foundation. Creating a Donor-Advised Fund allows your client to earn returns on their investment, make grants in the community and receive income tax deductions without having to deal with the legal and administrative burdens of a private foundation.
Highly Appreciated Stock
Scenario: Your client has appreciated stock and wants to use a portion of the gains for charitable giving, but the identified charities are too small to accept direct stock gifts.
Solution: Suggest establishing a fund at the Foundation with a gift of appreciated stock. Your client receives a tax deduction on the full market value, while avoiding the capital gains tax that would otherwise arise from sale of the stock. Your client can even be involved in recommending uses for the gift, including the organizations that he/she cares about most.
Scenario: Your client wants to leave his/her estate to community and family and has substantial assets in retirement accounts.
Solution: The Foundation can help you and your client evaluate the most beneficial asset distribution to minimize taxes, giving more to her/her heirs and preserving charitable intent.
These are just a few of the ways the Foundation can provide solutions for your clients. Foundation staff is always available to discuss your client's specific needs.