Welcome Professional Advisors
The Community Foundation sponsors a number of
events throughout the year on topics of interest to the
professional advisor community
Use the links below for quick access to the information you need right now. For questions or additional information, please contact Todd Lueders, President/CEO at 375-9712 x15, or send an email to: todd@cfmco.org.
Quick Links for Professional Advisors
Giving Guide
Establishing Various Types of Funds
Charitable Remainder Trust Policy
Donor Advised Funds
Compare Private Foundations with Donor Advised Funds
Quick Links in this section
Working with the Community Foundation
A Quick Guide to Four Types of Charitable Funds
Planned Giving - Growing a Legacy
Four Reasons to Partner with the Community Foundation
WORKING WITH THE COMMUNITY FOUNDATION
Estate planners, financial consultants, and other professional advisors are often asked to suggest the best vehicles for charitable giving. The Community Foundation offers you and your clients several distinct advantages over direct giving to charities:
A QUICK GUIDE TO FOUR TYPES OF CHARITABLE FUNDS
Unrestricted Funds use gifts to meet ever-changing community needs-including future needs that often cannot be anticipated at the time a gift is made. The flexibility of an unrestricted gift enables our Board to respond to the community's most pressing needs, now and well into the future.
Field of Interest Funds target gifts to address needs in a particular area, such as the Environment, Arts, or Women. Donors can add to an existing Fund or start one that addresses a new area.
Designated Funds direct gifts to a specific agency or purpose, such as a senior center, museum, church-or virtually any public benefit charitable organization in Monterey County. Donors identify the recipient that is to benefit, and our staff manages the annual distributions.
Donor Advised Funds provide ongoing donor involvement in the use of gifts. Our program staff can help answer any questions and direct donors to local nonprofit organizations that address issues and needs that donors care about most. Donors make grant recommendations that staff submits to our Board of Directors for approval; the Community Foundation then distributes the grants.
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PLANNED GIVING-GROWING A LEGACY
Aside from a direct gift from a living trust or a will, or the designation of the Community Foundation as the beneficiary of a life insurance policy, the most common types of planned gifts are:
Charitable Remainder Trusts pay a fixed or variable amount to named individual beneficiaries and then are distributed to named charities. Donors can increase their current income, avoid capital gains on appreciated property, and receive an immediate Federal and State income tax deduction.
Remainder Interest in a Residence or Farm. A full or partial interest in a home or farm can be donated to the Community Foundation, with the owner retaining the right to live in the home or operate the farm for the rest of the donor's life.
Charitable Lead Trusts pay a fixed or variable amount to the Community Foundation for a designated number of years, and then the principal is paid to the donor or any other non-charitable beneficiary.
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FOUR REASONS TO PARTNER WITH THE COMMUNITY FOUNDATION
We work through you. You stay in control of your client relationships; we're here to help serve your clients' charitable giving needs.
We partner with you. We provide support, information, and expertise around charitable giving options. Think of us as your personal planned giving center.
We help you build stronger relationships. Your clients will appreciate the charitable impact and tax advantages you help them achieve by working with us.
We help you connect across generations. When you help families establish an advised fund, for example, you begin an ongoing process of involvement with current and future generations.
Giving Guide
Establishing Various Types of Funds
Charitable Remainder Trust Policy
Donor Advised Funds
Compare Private Foundations with Donor Advised Funds
Quick Links in this section
Working with the Community Foundation
A Quick Guide to Four Types of Charitable Funds
Planned Giving - Growing a Legacy
Four Reasons to Partner with the Community Foundation
WORKING WITH THE COMMUNITY FOUNDATION
Estate planners, financial consultants, and other professional advisors are often asked to suggest the best vehicles for charitable giving. The Community Foundation offers you and your clients several distinct advantages over direct giving to charities:
- Simplicity. A charitable fund with us is an easy, low-cost alternative to forming and administering a private foundation.
- Tax benefits. We offer maximum federal and state tax benefits.
- Flexibility. We accept a wide variety of gifts-including cash, stock, and real estate.
- Community impact. We are deeply involved with the needs in the community and can direct gift dollars to high-impact areas.
- Stability. Our standards for investment performance, donor services and grantmaking are published and publicly available. The Community Foundation has been a trustworthy steward of charitable gifts since 1945.
- Transparency. The administrative fees assessed by the Community Foundation and the expense ratios of all our fund managers are available upon request. Investment decisions are made by an independent, volunteer committee of current and former board members with expertise in investment analysis. An independent consulting firm provides period review of investment performance.
A QUICK GUIDE TO FOUR TYPES OF CHARITABLE FUNDS
Unrestricted Funds use gifts to meet ever-changing community needs-including future needs that often cannot be anticipated at the time a gift is made. The flexibility of an unrestricted gift enables our Board to respond to the community's most pressing needs, now and well into the future.
Field of Interest Funds target gifts to address needs in a particular area, such as the Environment, Arts, or Women. Donors can add to an existing Fund or start one that addresses a new area.
Designated Funds direct gifts to a specific agency or purpose, such as a senior center, museum, church-or virtually any public benefit charitable organization in Monterey County. Donors identify the recipient that is to benefit, and our staff manages the annual distributions.
Donor Advised Funds provide ongoing donor involvement in the use of gifts. Our program staff can help answer any questions and direct donors to local nonprofit organizations that address issues and needs that donors care about most. Donors make grant recommendations that staff submits to our Board of Directors for approval; the Community Foundation then distributes the grants.
Back to top
PLANNED GIVING-GROWING A LEGACY
Aside from a direct gift from a living trust or a will, or the designation of the Community Foundation as the beneficiary of a life insurance policy, the most common types of planned gifts are:
Charitable Remainder Trusts pay a fixed or variable amount to named individual beneficiaries and then are distributed to named charities. Donors can increase their current income, avoid capital gains on appreciated property, and receive an immediate Federal and State income tax deduction.
Remainder Interest in a Residence or Farm. A full or partial interest in a home or farm can be donated to the Community Foundation, with the owner retaining the right to live in the home or operate the farm for the rest of the donor's life.
Charitable Lead Trusts pay a fixed or variable amount to the Community Foundation for a designated number of years, and then the principal is paid to the donor or any other non-charitable beneficiary.
Back to top
FOUR REASONS TO PARTNER WITH THE COMMUNITY FOUNDATION
We work through you. You stay in control of your client relationships; we're here to help serve your clients' charitable giving needs.
We partner with you. We provide support, information, and expertise around charitable giving options. Think of us as your personal planned giving center.
We help you build stronger relationships. Your clients will appreciate the charitable impact and tax advantages you help them achieve by working with us.
We help you connect across generations. When you help families establish an advised fund, for example, you begin an ongoing process of involvement with current and future generations.
