We’re here as a partner and resource for you and your clients.
Lawyers, CPAs, and other trusted professional advisors rely on the Community Foundation to help clients develop philanthropic plans. We’ll help you present philanthropic options for your clients’ wealth-management strategies so they feel well served by you and the resources you bring them.
In support of the value of your relationships with your clients, the Community Foundation offers:
- deep roots in community and a strong grasp of current conditions
- broad knowledge of local philanthropy
- experience evaluating and working with nonprofits
- a comprehensive picture of resources and needs across our region
- professional consultation with your clients without fee or obligation
The Community Foundation can work with you to help your clients practice informed and effective charitable giving. Here’s how:
- We make philanthropy simple
- We offer a variety of tools and options you won’t find anywhere else
- We ensure that your clients enjoy the maximum tax benefits of charitable giving
- We have over 20 years of experience, a deep knowledge and concern for improving our community and an abiding commitment to hands-on service and guidance—no matter the size of the fund
For more information and to participate in our periodic events for professional advisors. We can offer helpful materials, experience, and hands-on guidance to you and your clients to help them achieve their philanthropic goals.
Asking a client about philanthropy is an important part of providing complete financial planning and professional advice to your clients. Here’s why:
- Many clients are already in the habit of supporting charity, so incorporating giving into the planning process is a natural reflection of most clients’ existing habits and values.
- For clients with substantial estates, minimizing or eliminating estate taxes is difficult to do without some charitable planning. Regardless of the status of the estate tax, charitable planning offers tax advantages such as in the sale of highly appreciated stock, business succession planning, income tax planning, and dispositions of retirement accounts on death.
- Philanthropy can help resolve many personal issues that are deeply important to clients.
- Studies by the Philanthropic Initiative of Boston have shown that clients want help with integrating philanthropy into their planning process.
Good charitable advice strengthens the client relationship by providing better service to the client and generating greater client loyalty. Clients expect referrals to experts in charity just as they would with other specialties like accounting or law. Responsive, impact-driven charitable planning can meet multiple goals, and result in a larger benefit to family members.
Donor-advised funds offer a range of advantages. Consider the following differences between philanthropic giving by way of a donor-advised fund as opposed to setting up a private foundation:
When incorporating charitable giving into your practice, consider the following: Do you have clients who care deeply about their local community?
- Do they give to more than one charitable cause?
- Are they interested in creating a personal or family legacy?
- Would they like to stay personally involved in the use of their gift dollars?
- Do they want to receive maximum tax benefit for their charitable contributions?
- Are they considering the creation of a private foundation, but interested in exploring other options?
- Do they place a priority on sound financial management of their contributions?
Take the next step:
If you answered yes to any of these questions, your clients would benefit from knowing more about the Princeton Area Community Foundation.
We’d be pleased to send them information about Community Foundation services and benefits. Contact our Chief Philanthropy Officer, Marcia Shackelford, to learn more about the Community Foundation and how we can be a resource to you and your clients.
The team at the community foundation understands that it sometimes can be hard to know where to start a conversation with a client about charitable planning. As you ask questions about the causes your clients love and how your clients intend to support the community in their estate plans, you’ll need quick access to a few go-to planning tools to inspire the dialogue. To help you do just that, we’ve assembled this list of a few of our favorite planning tools.
For more information or support, please contact:
Chief Philanthropy Officer
Email Marcia Shackelford