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.
Charitable funds at the Community Foundation of Utah provide many of the same benefits of starting a private foundation without the administrative burden. See the difference here.
Estate Planning
Highly Appreciated Stock
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.
Alternatives to Private Foundations
IRA/401(k) Assets
IRS Minimum Age Distribution
Presentations
Learn more about the benefits the Community Foundation of Utah can provide your firm through a customized presentation by CFU staff.
Request a Contining EDUCATION PRESENTATION
Separately Managed Accounts
We partner with numerous investment managers to grow Donor Advised Funds (DAF) in separately managed accounts.
You can manage and invest the charitable dollars your clients have entrusted to us with care, keeping them up to date with transparent financial information. Our primary investment objective is to invest funds with a focus on diversification to help control risk, achieve long-term growth, and offset inflationary impact.
The Community Foundation's Investment Committee, a group of experienced finance professionals, guides our investments in compliance with our Investment Policy. Most separately managed accounts maintain a $100,000 minimum balance.
Why Recommend a Donor Advised Fund at the Community Foundation of Utah to your clients?
Why work with Community Foundation of Utah?
We are the local boutique service for charitable giving in Utah. Our goal is to maximize the full potential of every charitable dollar. The fees paid for fund management at the Community Foundation of Utah go directly back into Utah through our Social Sector Leadership Initiatives.
For clients who are interested in refundable grants, the Donor Advised Fund can invest in Mission Related Investments. For more information, email
What to Expect?
What to Expect?
Grant Requests
Grants Administration: The Community Foundation of Utah processes grants on a weekly cycle. Grants can be submitted online via the fundholder portal or by completing a Grant Recommendation Form
If the donor submits the Grant Recommendation Form to your office, we request that it be attached to the DocuSign paperwork to process the funds request (if applicable).
If the donor submits the grant request directly to CFU (either via the online fundholder portal or by emailing the Philanthropic Services team directly), we will send a request to your office to coordinate transfer of the funds.
Grant Cycle: Grant requests must be submitted by Friday at 5:00 PM MST in order to be processed on the next week’s grant cycle. Electronic payments are transmitted on Thursday of the following week, provided the funds have been sent by your office and received by the end of day on Wednesday. In the event that electronic payment instructions cannot be obtained for the organization, we mail checks at the end of each quarter.
Please note that grant requests for tithing to The Church of Jesus Christ of Latter-day Saints must include the donor’s membership record number.
Account Information
Account Set Up: Establishing a Donor Advised Fund at the Community Foundation of Utah is simple. We will send the client the Donor Advised Fund Agreement to complete via DocuSign. Once the fund is created in our system, we will send the donor their login information to sign into their fundholder portal. The fundholder portal allows donors to schedule grant requests, view past grants, access quarterly statements, and more.
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Account Funding: The donor can fund the account directly through your office with cash or publicly traded securities. If the donor wishes to donate privately held securities or other complex assets, please contact us for additional information. Donor Advised Funds can be easily transferred from another provider by sending a grant to the Community Foundation of Utah.
Gift Instructions: In the event that a client would like to send their donation for the Donor Advised Fund directly to the Community Foundation of Utah, please see here for the Gift Instructions.
Annual Check Ins: The Chief Financial Officer and Director of Philanthropy will conduct annual meetings during the fall to review accounts and ensure compliance with our Investment Policy.
Fees: Fees are estimated quarterly for the funds managed by the financial advisor and a true-up happens in January of the following year. Quarterly fees are transmitted electronically to the Community Foundation of Utah.
These are just a few of our solutions for your clients.
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