Financial
and Estate Planners
Advisors
INFORMATION
FOR LEGAL AND PROFESSIONAL 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.
