Have you ever planted wildflowers in your yard? I did and learned a valuable lesson about expectations vs. realities. What started out as a few small seeds grew into an unmanageable tangle of growth by early spring. I regretted not having a better plan in place to ensure that I could walk past the planter bed (buzzing with bees) to my front door!
Like wildflowers, your clients’ private foundation management duties might grow larger than they ever anticipated – requiring more time and resources to maintain while lessening the enjoyment and joy found through charitable giving. We can help with that!
If you’re working with clients who are weighing the options between either forming a private foundation or continuing to run their private family foundation, let us be a resource. We offer alternative solutions to establishing, operating and maintaining a private family foundation. Your clients can remain involved in the purposeful joy of their philanthropy while simultaneously alleviating themselves (and their children and grandchildren) from administrative and procedural tasks that take up the one resource that’s never replaceable – their time.
Operating a private foundation requires ongoing effort to manage, including grantmaking, financial record keeping, and compliance with regulatory requirements. Establishing and maintaining a foundation can be expensive, with costs related to legal fees, accounting, investment management, and administrative overhead. Differences in opinions regarding foundation priorities, grantmaking, or management can create conflict within the family.
With a fund with the Sacramento Region Community Foundation, your clients can avoid many of the headaches and stay connected to their motivation for starting a foundation.
Options offered here include Donor Advised funds, Field of Interest funds, Giving Circles and more! Additional information is available here or simply contact us to begin a conversation and discuss ways we can help bring your clients’ philanthropic vision from seed to blossom for years to come!
