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Talking Philanthropy with Your Clients
Is giving through a Community Foundation right for your clients?
Discussing philanthropy is a value-added service welcomed by clients who expect an integrated approach to their wealth management. Having philanthropic conversations shows the client that you care about the relationship in the long term.
Research has shown that clients are not only open to discussing philanthropy with their advisors, but they also express a desire to have philanthropic conversations early in the client/advisor relationship.
To determine if giving through a community foundation is right for your clients, answer the following questions:
- Do you have clients who care deeply about their community?
- Do they give to more than one philanthropic cause?
- Are they interested in creating a personal or family legacy?
- Are they considering establishing a private foundation?
- Are they considering developing a corporate giving program?
- Would they like to stay personally involved in the use of their gift dollars?
- Do they want to give effectively and receive maximum tax benefits for their contributions under federal law?
- Do they place a priority on sound financial management of their contributions?
If you answered yes to any of these questions, your clients would benefit from knowing more about CFAAC. See below for how we can help.
Helping Your Clients Achieve Their Charitable Goals
Philanthropy is a very personal decision. A professional advisor plays a critical role in helping clients realize their philanthropic objectives by listening for giving opportunities, explaining options, and suggesting solutions. Significant giving opportunities often arise when clients are making major business, personal, and financial decisions.
There are multiple ways we can partner with you and your clients:
- Year-End Tax Planning
- Estate Planning
- Charitable Remainder Trusts
- Donor Advised Funds vs Private Foundations
- Closely Held Stock
- Sale or Disposition of Highly Appreciated Stock
- Sale of a Business
- Strategic Giving
- Substantial IRA/401(k) Assets
For more information, contact our Director of Planned Giving, John Rodenhausen at 410.280.1102 x 103 or via email at john@cfaac.org.
Simplify Your Client's Giving
By partnering with CFAAC, you can make it easier for your clients to give effectively and maximize their tax benefits. With a single gift of $10,000 or more, your clients can establish a fund at CFAAC that allows them to qualify for an immediate tax deduction and to give to the causes they care about most. It’s like having their own private foundation; only without the hassle and expense.
A fund at CFAAC can be created with a single gift or by a realized bequest. We accept a wide variety of assets and can facilitate even the most complex forms of giving.
We’d love to meet with you to talk about how we can help you and your clients create a plan that meets their philanthropic giving strategy and financial goals.
Giving in Maryland, For Maryland
A Maryland state tax credit called Endow Maryland rewards donors who help build permanent charitable funds for local communities across the state and in Anne Arundel County. Endow Maryland offers a tax credit for gifts from $500 – $50,000 to permanent, endowed funds at qualified community foundations in Maryland.