With the end of year approaching, charitable giving is on the minds of your clients. Whether they wish to establish a donor advised fund or a deferred gift in 2011, The Pittsburgh Foundation can accommodate them, while giving financial advisors the ability to maintain the charitable assets of their clients. For assets of $250,000 or more, advisors can complete a simple approval process and manage their client's assets subject to approval by the Foundation's Investment Committee. Once advisors establish their pool of $250,000 at TPF, they can refer donors of varying financial means and manage these funds.
At The Pittsburgh Foundation, we focus on creating a lasting legacy for our donors and their families. We are one of the oldest and largest community foundations nationwide. We manage over 1,400 charitable funds and maintain assets of over $800 million.
A fund at The Pittsburgh Foundation can be established with $10,000. Our Donor Advised Funds allow clients to engage their family in philanthropy and support their charities of interest. If you have not been approved to manage your client's assets, your client can recommend their fund be invested in the American Funds and you can be named broker of record. Assets we accept include appreciated stock, closely held stock, cash, real estate, retirement fund assets and life insurance.
In addition, by establishing a fund at the Foundation, clients will benefit from a high level of personal service and attention by our knowledgeable and professional donor services staff and program officers. We offer opportunities for donors to develop a strategic approach to their philanthropy through site visits to area non-profits, as well as a variety of educational and briefing events and presentations that enable donors to learn more about the needs of the community. As well as benefiting from these events, advisors are also invited to attend our complimentary CLE workshops for CFP credits.
"Our third party manager outreach is a unique program that provides individual financial advisors an opportunity to manage their clients charitable assets at The Pittsburgh Foundation", explains Jonathan Brelsford, Director of Investments for The Pittsburgh Foundation. "We have enhanced the way we offer this program in the last year," Brelsford says. "Once assets are donated to The Pittsburgh Foundation, clients know that the financial advisor responsible for helping them achieve success will assist the Foundation in achieving their charitable purposes".
"It's nice to know if you have a client, and you've spent your entire career building this nest egg, that they can maintain the relationship with their financial advisor by establishing a fund at The Pittsburgh Foundation," says Bruce Georgi, Jr., Senior Vice President at Janney Montgomery Scott. "I have a vested interest in all my client's assets. I'm helping to grow them. It's nice to know that through The Pittsburgh Foundation, even after a client has passed away, we will continue to watch over their charitable assets for them."
To learn more about this program, please do not hesitate to contact The Pittsburgh Foundation Development office at 412-394-2653.