Advising your Clients

Betty Doll, Doll and Associates Long Term Care Insurance Services, with her financial advisor, Al Davis, Davis Financial Planning.  Learn more. Photo by Michael Oppenheim.

When your clients' needs involve charitable giving, The Community Foundation can partner with you to achieve their goals. Our services make charitable giving effective, easy and gratifying. We help you extend and deepen client relationships, expand your role and connect family members over generations. For more than 35 years, we have served as a trusted resource, developing personalized solutions, confidentially and without a fee.

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Wants to be Charitable but is Unsure Where to Give

"I'll be receiving additional income this year. I'd like to give some to charity, but I'm not sure which one."

A donor advised fund will lock in a tax deduction for the current year and allow time to choose the charity. With expertise on the nonprofit community, Foundation staff can connect donors with organizations in their areas of interest and provide opportunities for fundholders to support projects with the Foundation.

Is Concerned About Taxes

"I want to sell appreciated property, but I'm concerned about capital gains taxes. How can I eliminate or reduce my taxes?"

Giving all or part of an asset to charity will eliminate or reduce capital gains taxes, continue or begin to provide lifelong income and enable your client to support community needs.

Desires to Avoid an Immediate Capital Gain Tax

"I manage a rental unit that provides needed income, but it's too much work. What do you advise?"

Using the rental property to fund a charitable remainder trust (CRT) will secure lifetime income (perhaps more than from the rental property), but eliminate the capital gains tax, allowing the client to claim a sizeable tax deduction and support a favorite charity.

Is Concerned About Retirement Plan Assets

"I have a large retirement fund, but I'm worried that my children will receive only 20 or 30 cents on the dollar."

Using a retirement plan to create an endowment will reduce estate tax, eliminate income tax on the IRA distribution and create a family legacy.

Wants to Help a Specific Individual

"I have a longtime employee I'd like to help."

A life-income gift, such as a charitable gift annuity will assure the friend/family member a lifetime income -- and allow your client to support a favorite charity at that person's death.

Wishes to Leave a Legacy

"I have no children, and it's time to write a will."

How does your client want to be remembered? You can suggest a charitable fund at the Foundation as a way to support the issues they are passionate about in perpetuity.

Clients expect to discuss giving with their trusted advisors.  We can help with those conversations.  Our knowledge and experience encompasses all aspects of charitable giving, including complex gifts, vehicles for giving and the impact of philanthropy on  tax planning, retirement or the sale of a business.

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Sarah ThornburgSarah Thornburg McGuire, Wood & Bissette

"The Community Foundation has been an important resource to me and many of my estate planning clients. In situations both complex and simple, I know that the staff will guide us toward the smartest way to make a gift or create a legacy. I count on their experience and expertise and can trust them to advise my clients with integrity."
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