Professional Advisers

If you are like many professional advisers, you’ve hesitated to raise the subject of philanthropy with your clients. Research shows that people are eager to learn more about charitable giving from their professional advisors. According to an article in The Chronicle of Philanthropy, most would like their advisors to be more knowledgeable about planned giving and more forthcoming with options about what type of gift to make. In other words, if you make an effort to become better informed about the pivotal role philanthropy can play in estate planning, your clients will thank you.

It’s good business to broach the topic of philanthropy with your clients. You will be helping to protects your client’s interests and ensure that any kind of charitable endeavor considered is properly designed and reflects the interests, passions and personal requirement of your clients. You will be adding value to the services you provide.

By helping your clients create tax-wise charitable funds at the Community Foundation, you are helping them achieve their charitable giving goals while helping them meet a broad range of tax, business and estate planning objectives.

It is easy to help your client establish a named charitable fund and the task can be completed in less than a day. The Community Foundation can provide you and your client with sample fund agreements and consult with you to provide the best possible services. The Foundation also has access to additional planning resources and expertise through its affiliation with regional and national organizations such as the Council on Foundations, Grantmakers of Western Pennsylvania and Pennsylvania Association of Nonprofit Organizations (PANO).

It’s easy to help your client establish a charitable fund.

  1. First, decide what type of contribution the client would like to use to establish the fund. Types of assets that can be donated  include: Cash, Securities, Charitable Trusts, Life Insurance Policies, Bequests, and IRA’s.
  2. Select a name for the fund. Clients can use their own name, the name of a family member or one they invent.
  3. Designate current fund advisers such as the client and spouse, and successor advisers such as children.
  4. Complete and sign a simple governing document that we will provide and help customize for the donor. 

Once a fund is established, donors may:

We encourage each and every one of you to consider embarking on this new journey with your clients and reap the personal and business benefits that will undoubtedly be yours as a result.