"ONE-STOP" VEHICLE FOR CHARITABLE GIVING!

The Community Foundation can help your client give to multiple charities through one gift - making it easier for you to help your clients to carry out their wishes. Ask us how!

Listening for Charitable Opportunities

As a financial advisor, your clients expect you to provide sound counsel about the management and investment of their assets. You can also help them by listening for and identifying financial situations when a charitable gift to the community foundation would be in their interest:

  • Year-end tax planning identifies a need for greater tax deductions.
  • Estate planning identifies the possibility of significant estate taxes.
  • A charitably minded client is uneasy donating the principal of retirement savings.
  • Your client is interested in setting up a charitable foundation.
  • Your client is passionate about helping meet a specific community need and is ready to make a significant gift.
  • Your client wants to establish a scholarship for a special interest, but doesn't know how to begin.
  • Your client owns highly appreciated stock in a company that is about to be acquired.
  • Your client currently has a private foundation that may not be distributing minimum grants.
  • Your client has most of his/her assets tied up in a closely held company.
  • Your client has a substantial IRA and 401(k) assets within his/her estate.

 

Which Clients May Be Interested in the Community Foundation?

You can be assured that giving through the Branch County Community Foundation is right for your clients if you can answer "yes" to any of the following questions about them:

  • Do my clients care deeply about the greater Branch County community?
  • Do they give to more than one charitable cause?
  • Are they interested in creating a personal or family legacy in their community?
  • Would they like to stay personally involved with their charitable gift dollars?
  • Do they want to receive the maximum tax benefit for their charitable contribution?
  • Are they interested in creating a private foundation but not interested in the work that goes with it?
  • Do they place a priority on sound financial management of their contributions?

 

Key Benefits for Your Clients

Your clients can address a broad range of local needs. Arts. Education. Health. The environment. These are just a few areas of community life that your client can specifically address by giving through the community foundation. Every year the Community Foundation makes hundreds of grants to local agencies and programs to address a broad range of needs in our area.

Your clients' donations will work forever.When your clients donate through our endowment funds, the principal of their gift is never spent. It is carefully invested, and the earnings are used annually to address specific local causes and issues.

Your clients can create a personal legacy of giving.

The Branch County Community Foundation offers a variety of options for donors to personalize their philanthropy. They may establish a named fund, and they may be involved in suggesting grants from the dollars generated by their funds. They may receive regular communication from the Foundation staff about community needs and initiatives. It's a personalized and efficient way to give.

Fund Agreements

The Fund Agreement

Before the establishing gift is accepted, the donor and the Community Foundation sign a formal fund agreement that is designed to

  • protect donor intent as long as the fund exists,
  •  help the BCCF understand its administrative responsibilities,
  •  help the donor and the Community Foundation understand how the fund will be administered,
  • assure that the goals of the fund are legal and charitable, and
  •  specify whether the fund is intended to be endowed (i.e. whether or not the establishing gift and future donations can be spent).

Fund Minimums

Permanent (Endowment) Funds.  The minimum for creating an endowment fund is $10,000.  The Board of Directors of the Community Foundation may allow the organization up to three years to build the fund.

Fund minimums vary for long-term and temporary funds, but range is $1,000 to $5,000 to start a "non-endowed" fund.

Fees

Administrative fees based on the amount of work our staff will perform.  Fees are set in the fund agreement.  Fees for endowed funds range from 1.25 - 2.5%, depending on the fund type.  Fees for temporary and special project funds vary considerably, but range from 10% of the income or $500, whichever is greater.

Sample Fund Agreements

We're happy to provide sample fund agreements for each type of fund we hold.  Just give us a call at 517-278-4517 or email info@brcofoundation.org