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Advantages for Advisors

 

A Charitable Gift Account is an attractive alternative to a private foundation, straightforward to set up and efficient to work with:

  1. 1. Establish a Charitable Gift Account
    Your client establishes the account with a tax-deductible,1 irrevocable contribution of $5,000 or more in cash or securities. The Fund can also facilitate the tax-deductible donation of “non-cash” assets such as real estate, private equity investments, and tangible personal property.2 Your client can name the account, involve family and friends, and name successors to ensure a legacy of giving.
  2. 2. Recommend Investments
    Assets in the account are invested for tax-free potential growth to fund future grants. We offer several investment pools, and for accounts of $250,000 or more, we offer the Charitable Asset Management feature, which allows an independent advisor to manage the assets in the account.
  3. 3. Be Involved with the Account Over Time
    At any time, your clients can recommend grants of $100 or more to any public charity. They can also make additional contributions, research charities, involve family and friends, and track giving.

The benefits of a Charitable Gift Account include:

  1. Tax Benefits: Contributions to the account are eligible for an immediate income-tax deduction at fair market value. In addition, contributions avoid capital gains taxes and are removed from the donor’s estate for estate-tax purposes.
  2. Assets Can Appreciate Tax-Free to Fund Future Giving: Your clients can recommend more grants to charity as their contributions grow.
  3. Flexible Account Management: We streamline account administration and reduce paperwork, making the account flexible and easy to manage.
  4. Build a Lasting Legacy: A Charitable Gift Account can continue your clients’ generosity for generations.

1. A donor’s ability to claim itemized deductions is subject to a variety of limitations depending on the donor’s specific tax situation. Charitable deductions in particular are subject to Adjusted Gross Income (AGI) limitations. Consult your tax advisor for more information.

2. Contributions of real estate, private equity or tangible personal property are accepted via a charitable intermediary, with proceeds of your donation transferred to your Charitable Gift Account upon liquidation. This intermediary considers donations on a case-by-case basis, and assets typically must be valued at $250,000 or more. Call the Fund for more information at 800-746-6216.

  
 

Open a Charitable Gift Account today