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HELPING YOU SERVE YOUR CLIENTS
CHARITABLE PLANNING TOOLS AND SOLUTIONS
FREQUENTLY ASKED QUESTIONS
CONSIDERING A PRIVATE FOUNDATION?
FOR FINANCIAL ADVISORS
RECOGNIZING OUR CHARITABLE PARTNERS
Investment management
Financial information
Glossary
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Through our Partnership Policy, you can manage your clients’ assets outside of the Community Foundation’s investment pool. The assets become the property of the Community Foundation (thereby enabling your client to receive a tax deduction). Nevertheless, we retain your firm as the investment manager and you continue to invest the funds under the Foundation’s Investment Guidelines, with a periodic performance review.
The following are guidelines for Community Foundation assets to be managed outside its pool of funds, under adopted asset allocation policy.
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For the donor to receive a charitable deduction, the charitable asset becomes an asset of the Community Foundation and is under the control of the Board of Directors.
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The Community Foundation retains your financial institution as its fund manager over the specific asset. Your financial institution agrees to comply with the Community Foundation Investment Guidelines.
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Your financial institution meets with our Investment Committee on an annual basis to review the portfolio.
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The Community Foundation and your financial institution enter into an agreement covering ongoing management, fees, and other pertinent information.
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All activity within the fund (earnings, dividends, gains/losses) is separately posted to the donor’s fund.
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A minimum of $200,000 is required to establish this kind of arrangement. |
 Parntership Polilcy Flow Chart
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