Important Information for Advisors
As a professional advisor » you are in a unique position to help increase the philanthropic resources of the community by working with the Foundation. Whether your clients are interested in tax advantages, building a family tradition of giving, or finding an effective alternative to a private foundation, we can help. Through a variety of gift planning options, we can be a resource to you and your clients in developing bequests, Donor-Advised Funds, and Charitable Remainder Trusts. The Foundation makes good financial sense for your clients:
Substantial Tax Advantages
Because the Community Foundation is a non-profit, tax-exempt 501(c)(3) charitable organization, all gifts to it are tax deductible to the maximum extent allowed by law.
Low Administrative Costs
As a public charity, the Foundation is exempt from excise tax and is free of many of the administrative costs and restrictions placed on private foundations. Therefore, more of your clients’ dollars can be used to address charitable needs in the community.
Professional Stewardship of Assets
Preserving and growing charitable dollars to meet the ever-changing needs of communities is our goal. Quarterly performance monitors, a diversified investment portfolio that minimizes market risk, internal and external audits, independent counsel, and accounting software systems development demonstrate the Foundation’s financial stewardship.
Permanent Support of Charitable Interests
The Foundation provides a variety of fund options for donors. This is particularly appealing to donors who have a variety of charitable interests as well as those who wish to have varying degrees of involvement in making decisions about charitable contributions. Grants from funds at the Community Foundation can be made in the donor’s name, and several generations can be involved in the grantmaking process. In addition, the cypres clause included in all of our agreements ensures that donors’ wishes will be carried out forever.
The Community Foundation is happy to work with you to develop recommendations for your clients. Please call us at (815) 962-2110.