Solutions for Your Clients

We recognize that professional advisors play an important role as donors plan their philanthropic goals.

The Community Foundation of Utah works with you to ensure your client knows their options.

  • As a 501(c)3 public charity, contributions to our funds are tax deductible to the maximum extent allowed by law. 
  • We accept complex assets like real estate, private stock, and retirement funds.

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. Alternatively, your client has large influxes of income and wants to make gifts to a charity over time, including their faith.
    • Solution: Recommend establishing a donor advised fund for an immediate income tax deduction and the ability to recommend its use for years to come.
  • Scenario: Your client is over 70 1/2 years old and is required by the IRS to take a minimum distribution from their retirement account.
    • Solution: Your clients can donate up to $100,000 of their annual Required Minimum Distribution from a traditional IRA to a qualifying charity like the Community Foundation of Utah, which will benefit the community for years to come. 

Estate Planning

  • Scenario: Estate planning identifies significant taxes going to the IRS, but your client wants to direct dollars for philanthropy.
    • Solution: We work with you to reduce the taxable estate through a charitable bequest or other planned gift. Your client's gift will create a legacy of caring that stays true to their charitable intent in perpetuity.
  • 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: We can help analyze the pros and cons of creating a fund with us. A donor advised fund, for example, allows your client to earn returns on their investment, make grants, and receive income tax deductions without 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 Community Foundation of Utah 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. 

IRA/401(k) Assets

  • Scenario: Your client wants to leave their estate to the community and their family and has substantial assets in retirement accounts.
    • Solution: We can help you and your client evaluate the most beneficial asset distribution to minimize taxes, giving more to their heirs and preserving charitable intent. 

These are just a few of our solutions for your clients. Our staff is always available to discuss your client's specific needs. Give us a call at (801) 559-3005.