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Sharing Gulf Coast Community Foundation donor stories and other ideas for giving is just one way we try to help you help your clients. Each week, the Foundation’s development staff e-mails local professional advisors with a brief example of how donors can creatively partner with the Foundation to achieve their financial and charitable goals.
Check out the tips below for some new ideas on how we can work with you to help your clients and the community. If you would like to receive our “Tip of the Week” via e-mail, let us know.
Giving (Every)Where You Live
Many of your clients probably have strong ties to several communities, perhaps even in multiple countries. When it comes to giving back to those communities, Gulf Coast Community Foundation can help make the process simple and seamless. With a fund at the Foundation, your client’s single phone call, e-mail, or mouse click can initiate grants to worthy organizations around the corner and around the world.
Taking Care of Business
Is one of your clients looking for a way to help employees give back to the community? Talk to us about establishing a corporate fund at the Foundation. Your client’s employees can recommend grants and their business can generate more goodwill in the community. Named funds can be established with as little as $10,000.
Thanks, Mom!
Knowing that her three heirs would be comfortably provided for, a local woman worked with her advisor on a creative update to her estate plan: Instead of dividing her estate in thirds, in the spirit of the holidays she added a fourth “heir”—her community—through a fund at her community foundation. At the same time, she removed the burden of estate taxes from her children and left a legacy for the whole family.
’Tis the Season
Did you know that half of all U.S. charitable giving by individuals occurs between Thanksgiving and the end of the year? There may be a lot of things on your clients’ minds at this time of year, but giving back to their community is clearly one of them. Talk to your clients about how their charitable giving can be a smart part of their overall plan.
Taking Stock? Give Stock!
As you discuss year-end financial planning and tax consequences with your clients, remember that a gift of stock may be perfect for their particular situation and charitable goals. Gifts of appreciated securities offer an immediate charitable deduction, plus donors avoid 15 percent in capital gains tax. Your clients can establish a fund now but decide where to recommend grants in the future.
Fund Is Thicker Than Water
Here’s an idea for keeping the next generation of family connected: Establish a siblings’ or a cousins’ fund at the Foundation. Relatives can make a point of getting together periodically to reinforce their family’s values by selecting and supporting their favorite charitable causes together. Next thing you know, their kids will want in on the action.
Giving History
A Venice man who wanted to support aspiring history students and memorialize his late wife at the same time recently made a little history of his own: He used an IRA charitable rollover to create a scholarship fund in her name, which will support the education of future historians from his community.
What’s Behind a Name
A private foundation doesn’t always work for the next generation, but we can help successors keep their family legacy intact. By transferring their private foundation to an advised fund at their community foundation, your clients can retain the name and charitable intent of their foundation…plus gain an entire back office of our experienced staff.
If you would like more ideas for giving to share with your clients, please contact Scott Anderson, Gift Planning Officer, at 941.486.4567.
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