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WINTER 2009
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If your clients are looking for a flexible, low cost vehicle for their charitable giving, a donor-advised fund may be the answer. Donor-advised funds are an easy-to-establish alternative to giving directly or creating a private foundation.
By establishing a donor-advised fund at the Hartford Foundation, your clients will enjoy:
- Flexibility. Donors can add to the fund at times and in ways that are financially advantageous from a tax standpoint - without having to make quick decisions about which charities to support.
- Relief from administrative responsibilities. The Hartford Foundation keeps track of all contributions to the fund and provides tax receipts to the donors. In addition, the Foundation handles all administrative details, such as notifying grant recipients and sending checks.
- Accountability. Donors have access to reports on fund activity.
- Ease. You can help your clients set up a fund by using a simple four-page agreement. Additionally, once created, your clients can recommend grants in writing, over the phone or online.
- Information. Your clients can learn more about organizations doing the work directly related to the causes they care about from Foundation staff.
- Strong investment oversight. Our investment staff, in conjunction with our investment committee, works to ensure the continued purchasing power of all contributions over the long term.
- Legacy. Many clients are concerned about leaving a legacy and sharing their values with their children. Donor-advised funds provide an opportunity for the entire family to engage around issues.
With a donor-advised fund, clients can support the issues and organizations that they care about. And, because the Hartford Foundation's business is philanthropy, we can help make sure that your client's money makes a difference. |
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Call us.
To learn more about how a donor-advised fund could help your clients, contact Donna Roseman David, senior gift planning officer, at 860-548-1888 x1042 or visit www.hfpg.org/givingadvice.
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Richard S. and Doris J. Griffith Fund
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 Having experienced some life transitions - retirement, the passing of a parent - Doris and Richard Griffith, of Manchester, wanted to step back and take a broader look at their financial situation and figure how best to give back to their community. They turned to their professional advisor, Richard Thibodeau of Filomeno Wealth Management, LLC.
A significant portion of the Griffiths' giftable assets were in the form of appreciated securities, primarily concentrated in one position. So, Rick recommended a donor-advised fund at the Hartford Foundation for Public Giving.
"The Griffiths have strong roots in the Greater Hartford community," said Rick. "They built their careers here, raised their children here, and are active with several area organizations."
"It made perfect sense to us," said Doris. "By using appreciated assets to establish the fund, we received a tax benefit and diversified our portfolio. Most importantly, we are able to continue our support of organizations like the Asylum Hill Congregational Church and Riverfront Recapture."
Since they established the fund three years ago, the Griffiths have enjoyed working with and learning from the Hartford Foundation.
"There are a lot of good things going on in the area that people aren't aware of," said Doris. "The Hartford Foundation keeps us connected to the Greater Hartford community."
(Pictured above: Rick Thibodeau and the Griffiths)
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10 Columbus Boulevard, 8th Floor · Hartford, CT 06106
860-548-1888 · www.hfpg.org
Giving Advice is published periodically by Hartford Foundation for Public Giving, the community foundation for the 29-town Greater Hartford region. Hartford Foundation is devoted to building successful partnerships with professional advisers, donors and nonprofits to enhance the quality of life for people in the community.
To access the Planned Giving Design Center, a free, comprehensive, online resource for professional advisors, visit www.hfpg.org/pgdc. |
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