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How Can CACF Assist Professional Advisors?

CACF works with Professional Advisors to meet the goals of their clients.  Here are some benefits of working with CACF:

We work through you.  You stay in control of your client relationships—we are here to help you serve your client’s philanthropic interests.

We know our community.  The professional staff at CACF regularly monitors areas of local needs and the organizations whose mission it is to address those needs. We can help you learn about local agencies and programs that make a difference in the areas your client cares about most. At your request, we will get information on a specific nonprofit program or organization, or several organizations, working in a particular area of interest. We will also facilitate site visits, tours, and meetings with nonprofit leaders.

Gifts can be made toward a particular field of interest for which your client has a passion, rather than to a specific charity. By working through CACF, your clients have the flexibility to support a wide range of charities locally, nationally, and internationally. We can assist with due diligence and can also provide anonymity as desired by your client.
 
We offer customized service.  We work closely with you to develop a giving approach that matches your client’s personal interests and tax planning needs. Our customized services and knowledgeable staff will help you realize your client’s giving goals and ensure that his or her philanthropy has a lasting impact on our community.
 
We have experience with non-cash gifts.  We accept charitable gifts of cash, marketable securities, real estate and other non-cash assets. We can serve as trustee for charitable trusts where CACF is the beneficiary and we have experience with private foundation terminations.
 
We can offer maximum federal and state tax benefits.  CACF is a public charity and establishing a fund is significantly more cost-effective than starting a private foundation.  

The chart below illustrates the benefits of working through the Community Foundation for donor advised giving.

  CACF Donor Advised Fund Commercial Gfit Fund Direct Gift Private Foundation
Donor Involvement Donor recommends grants to qualified nonprofit groups. Grants are approved by CACF board. Donor has continued involvement over lifetime and may name spouse and/or children as successors. Donor recommends grants to qualified nonprofit groups. Grants are approved by trustees of the gift fund. Donor can name spouse and/or children as successors. Donor gives a gift directly to a public charity. Control is limited to the initial gift decision. Once gift is made, donor has no further involvement with the gift. Donor appoints board, which controls investments and grantmaking. Family may be involved in future decision-making with approval of trustees.
Tax Status Public Charity. Public Charity. Public Charity. Private Foundation.
Income Tax Deductions for Gifts of:

Cash:

Appreciated Securities:

Real Estate and closely held stock:

Up to 50% of adjusted gross income.

Fair market value up to 30% of adjusted gross income.

Fair market value up to 30% of adjusted gross income.

Up to 50% of adjusted gross income.

Fair market value up to 30% of adjusted gross income.

Fair market value up to 30% of adjusted gross income.

Up to 50% of adjusted gross income.

Fair market value up to 30% of adjusted gross income.

Fair market value up to 30% of adjusted gross income.

Up to 30% of adjusted gross income.

Fair market value up to 20% of adjusted gross income.

Fair market value up to 20% of adjusted gross income.

Grantmaking Support Professional staff is available to help identify and assess grantees, provide input on community needs, and verify nonprofit status of groups. Varies. Donor decision based on own research. Donors must arrange and support their own grantmaking and monitoring structure.
Start-up Costs

Initial Cost:

Minimum Contribution


None.

$20,000.


None.

Varies.

None.

Any gift size is appropriate.

Several thousands of dollars for legal and accounting expenses and filing fees.

Typically millions of dollars.

Administrative Requirements

Ongoing cost:

Reporting:

Pooled administration annual fee.

CACF handles all tax reporting.

Varies.

Financial institution handles all tax reporting.

N/A

Donor is responsible for all tax reporting.

Several thousands of dollars for legal and accounting expenses and filing fees. Staffing and direct operating expenses may apply.

Annual 990PF tax form must be filed.