Americans gave over $300 billion to charity last year, 75% of which was given by individuals during their lifetime and 8% given in bequests at the time of death. Chances are most of your clients are already making charitable gifts.
As your client’s trusted financial advisor, you have the responsibility to assist your clients in achieving their overall financial and personal goals and objectives as effectively as possible. And, because our tax system accords special benefits to those who give, you also have a unique opportunity to help your clients achieve these goals, through charitable giving. By integrating the unique benefits of philanthropy with overall financial and estate planning, you can ensure that your clients are receiving the full benefits of their contributions while supporting the charitable causes of their choice.
Uniquely, with Hudson Community Foundation, you can remain their trusted advisor and manage the charitable investments of your clients. And grants can be made to any tax-exempt public charity anywhere in the country.
Most Americans who give to charity do so on an annual basis. This is often called “checkbook philanthropy” This is probably the pattern with your clients, too. But is this the best strategy? There are many ways discussed in this site to help your clients manage their philanthropic affairs in a simple, smart and meaningful manner. The greatest opportunities to assist your clients in maximizing the personal benefits of charitable giving, however, occur at the times that your clients are making other major business, personal, and financial decisions. Some of the circumstances in which carefully planned gifts can result in significant, direct advantages to your clients or their heirs are:
- when your client is involved in planning his or her estate, or writing or revising a will
- when your client is contemplating the sale of a business or other major asset
- when your client is planning retirement
- when your client has received a financial windfall
- on the death of a loved one
In each of these situations, charitable giving presents an opportunity to help your client achieve important business or personal goals. You do not have to become an expert in charitable giving to make these opportunities available to your clients. The single most important step you can take to help your clients obtain the benefits of planned giving is to integrate the “charitable question” – “Are there any charitable or community needs you would like to address?” into your regular conversations with clients.
Hudson Community Foundation enables simple, smart and meaningful family philanthropy. Although HCF is itself a public charity, it does not promote any one charitable cause. Rather, HCF is committed to expanding the capacity of family philanthropy – no matter where your client lives. Because of this unique mission, HCF can assist your clients to achieve their goals in ways not available through other organizations or strategies. We are available as a resource to you and your clients. And you stay involved in the management of these meaningful assets.
Availability of the name of Investment Managers
Hudson Community Foundation (HCF) permits the donor to recommend the investment manager and custodian for the donor’s fund. Investment management fees are negotiated and may vary with each investment program and each investment manager. The names of investment managers currently managing donor funds and the schedule of applicable fees currently being charged to donor funds is available on request by emailing firstname.lastname@example.org or calling 330-655-3580.
Functioning through the Investment Committee, HCF’s Board of Directors has ultimate responsibility for the investment of the foundation’s assets. HCFs Statement of Investment Objectives and Guidelines establishes the investment policies that govern the investment activities of HCF and its relationship with registered investment advisors.
The annual cash payout of all funds that are not subject to Donor Advice is governed by HCF’s Spending Policy.
A copy of the Statement of Investment Objectives and Guidelines and a copy of HCF’s Spending Policy are available on request by emailing email@example.com or calling 330-655-3580.