The Community Foundation Edge

Knowledge, QCD eligibility, and public support give community foundations a leg-up

Advisors frequently comment that they’re surprised to discover the many ways a community foundation like the Sacramento Region Community Foundation can help their clients, especially compared with national Donor Advised Fund programs affiliated with brokerage houses or financial services firms. Here are three examples of the types of comments community foundations often hear from attorneys, accountants, and financial advisors:

  • “I didn’t realize that the community foundation’s Donor Advised Fund offering was so much more than just an online account. My clients have loved getting to know other donors, accessing first-hand knowledge about what’s going on in the community and how their favorite nonprofits are making a difference, and being able to involve their children in philanthropic events and activities.”
  • “My clients who sit on boards of directors of start-up nonprofits have been so happy that grants from Donor Advised Funds – their own and others’ – count toward the IRS’s public support test. That’s really helped new organizations in our community get off the ground.” 
  • “I’m amazed at the variety of funds the community foundation can administer. Many of my clients have established Donor Advised Funds and have also augmented their philanthropic planning with a specialized fund such as a scholarship fund, designated fund, or field-of-interest fund. A big bonus for my retirement-age clients is that the IRS allows the community foundation to receive a Qualified Charitable Distribution (QCDs) from a client’s IRA and place it into one of these specialized funds.” 

Community foundations like ours offer additional resources to strengthen your client relationships and sector-related knowledge, such as the Philanthropic Advisors' Forum of Greater Sacramento. This network of professionals believes it is vital for advisors to ask about their clients' charitable intents and help them reach their goals while achieving a favorable tax status.

Learn more about the Forum

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