As attorneys, CPAs, and financial advisors, you know very well that trust is at the foundation of your relationships with clients. Your clients are seeking a similar level of trust with the people and organizations that are helping carry out their philanthropic wishes.
Fortunately, trust in nonprofits has shown an increase after a recent dip. According to the 2024 Edelman Trust Barometer and the Independent Sector’s “Trust in Nonprofits and Philanthropy” report, trust in nonprofits rebounded by 5 points to 57% in 2024, following a four-year decline. This increase positions nonprofits as the most trusted sector compared to government, business, and media. Still, nonprofits face challenges and concerns about maintaining this trust, including general skepticism about institutions, as well as increasing expectations that charities demonstrate transparency and accountability.
As you work with your charitable clients, keep in mind that the Foundation can help bolster clients’ trust in their favorite nonprofits. Here’s how:
Trustworthy information about particular nonprofits
The Foundation is a valuable source for objective, timely information about specific nonprofits and the impact of particular programs. By working with the Foundation, your clients can leverage a transparent and trustworthy avenue for learning about how best to make a difference for their favorite causes.
Wide-ranging expertise about community needs
At its core, the Foundation is committed to achieving impact. This means that our team keeps a finger on the pulse of local needs, whether related to social services, health care, education, the environment, the arts, community development, or any other community priority. With a deep understanding about community needs, the Foundation is an excellent sounding board for your interested clients.
Broad set of tools for structuring charitable gifts
The Foundation can help establish a tax-efficient structure to achieve each client’s goals for community impact. Available vehicles include not only DAFs, but also other types of funds such as Designated Funds to support specific charities and Field of Interest Funds to address particular causes, as well as multi-generational funds to involve children and grandchildren. The Foundation offers your clients a flexible and effective way to manage charitable giving by simplifying their giving processes and maximizing potential tax benefits.
As always, we want to be your first call! Please reach out to our team anytime the topic of charitable giving comes up during a client conversation.