As a trusted financial or legal advisor, you are already knowledgeable on the benefits that thoughtful, well executed estate planning can provide. Moreover, you recognize the important role planned giving can play in reducing current income and estate taxes while also helping your clients realize their philanthropic dreams.
As a partner, we can support you in developing effective planning solutions for your clients, providing you the following benefits:
- Convenience and flexibility in gifting and estate planning solutions;
- Ability to easily involve future generations in philanthropy;
- Inclusion in our professionally managed investment portfolio;
- Simplified record keeping and reporting to the IRS;
- Locally based charitable trust administration;
- Experienced staff, knowledgeable in local non-profits and familiar with community needs.
Gifting Options:
Based upon your clients' needs, the Community Foundation can accept and manage the following types of gifts:
- Testamentary gifts;
- Life insurance;
- Individual retirement accounts;
- Charitable gift annuities;
- Charitable remainder trusts;
- Charitable lead trusts;
- Appreciated stocks (public or privately held) or real property.
We are always willing to work with you and your clients to consider less common types of gifts or gifting vehicles. Any of these gifts may be used to create endowed or spend down funds and may be unrestricted, donor advised or designated as to purpose.
Charitable Trust Administration:
The complexities of and work involved in charitable trust administration can be a deterrent to some in considering and/or implementing all estate planning options available to them.
When the Community Foundation is included in your clients' plans, we can alleviate this concern by serving as trustee or co-trustee with your clients for charitable trusts. In this capacity, the Community Foundation relieves your clients of trust administration, recordkeeping and reporting by assuming responsibility for the following:
- Asset management;
- Annual beneficiary payments and/or remainder distributions;
- Requisite annual reporting and tax filings.
Your clients gain the peace of mind that comes from having an accessible, local trustee who is genuinely interested in their needs and concerns.
Experienced, Knowledgeable Foundation Staff:
With over $29 million in assets and over $100 million in granting since inception, the Community Foundation is experienced in both asset management and in connecting people who care with issues that matter.
A long time Jackson resident, Katharine Conover, President, brings extensive non-profit leadership experience, a proven track record of success and knowledge of the community. Karen Coleman, Vice President, Finance and Operations, is a certified public accountant with an M.B.A. from UCLA and a prior audit manager and non-profit industry team leader with PricewaterhouseCoopers.
