Solutions for Your Client - Hudson Community Foundation

Partnering to Reach Charitable Goals

We’re here to partner with you to meet your clients’ needs.

Hudson Community Foundation (HCF) works with many professional advisors—wealth managers, investment, financial advisors, CPAs and attorneys —to help you serve your clients and decide if they should open a donor-advised fund. Here are a few questions that may help with identifying good candidates for donor-advised funds:

Are your clients already charitably inclined?
Are your clients anticipating receiving extra income they want to use for philanthropy?
Are your clients donating to multiple charities and want an easy/simple way to stay organized while receiving a maximum tax deduction?
Are your clients interested in encouraging the next generation to be involved in philanthropy?

Than a donor advised fund at Hudson Community Foundation is good solution!

Charitable giving may be a perfect fit for your client when considering:

Tax planning
Highly appreciated stock
Sale of a Business
Substantial IRA/401(k) assets
Leaving a legacy
An alternative to a private foundation

We would be honored to partner with you to support your client’s charitable goals – whatever they may be.

Why Professional Advisors Choose HCF:

Advisors can manage the assets on their preferred platforms at any amount. Some other plans only allow administration to occur at certain levels, such as accounts above $250,000 or $1,000,000.
Advisors can select the investments and do not have to choose from a very limited number of pooled funds.
They are able to provide their clients with the consistent investment advice they expect.
HCF is very flexible in accepting and holding a wide variety of assets, from cash and publicly traded securities to complex assets including privately-held C-corp, S-corp, life insurance, real estate, charitable remainder trusts and etc.
Clients choose when to grant to charities nationwide during their lifetime or over successive generations. HCF encourages your family to be involved with your charitable giving. Some donors make it a point to involve their children and grandchildren when selecting charitable causes.
HCF has a successful independent donor advised fund program for more than 20 years and is not a charitable branch of a financial company.

Investment Options:

Each of your clients has unique financial and charitable goals. It can be difficult to support your clients’ charitable interests without giving up assets under your management.

Hudson Community Foundation’s (HCF) solution….you manage the investments on your platform.

HCF offers a variety of charitable giving options that provide simple, flexible, efficient ways to help your clients manage their charitable giving.

You can help your clients with powerful tax advantages, and provide flexibility to make grants on their timetable, build their charitable legacy, and increase their philanthropic funds for future grant making.

How It Works

Your client requests that you are retained to manage the assets that they will donate to establish a fund.
Your client and HCF enter into an agreement to open a Donor Advised Fund.
The HCF Investment Committee will provide guidelines for our investment strategies.

Types of Giving

The Hudson Community Foundation accepts many types of charitable and planned gifts. These gifts are tax-deductible to the fullest extent allowed by law. Some types may have additional conditions upon acceptance, so please contact us with any questions or concerns.

Tax Status

As a public, nonprofit organization, the Hudson Community Foundation values trust and transparency with our donors and their professional advisors. Therefore, we adhere to the highest standards of operational excellence and are confirmed in compliance with National Standards for U.S. Community Foundations.

Setting Up a Fund

In five simple steps, your client can begin their charitable giving with Hudson Community Foundation

Steps to Set Up A Fund

Step 1: Choose a type of fund

We offer six types of funds at the Hudson Community Foundation. See Our Fund Types that can help determine how HCF can help your client meet their charitable intentions.

Step 2: Decide what type of gift to make

We accept a variety of assets – now and through planned giving, including cash, stocks, life insurance, real estate, wills and remainder trusts and much more.

Step 3: Determine the longevity of the gift

After your client decides what type of fund they are interested in, they could determine whether the gift (with the exception of an Unrestricted Fund gift) will be endowed or non-endowed. We’re happy to help your client decide whether they want the gift to last forever, or if their intention is to make an immediate, yet short-term, impact.

An endowment means the fund is invested and the capital and only the interest generated from the investment is used to issue grants. The initial investment is never touched, ensuring that the gift is a permanent source of funding for our community.

A non-endowed fund utilizes the donated capital in its entirety.

Step 4: Set up a fund

Once your client has selected a fund, we will finalize the process through our fund agreement forms.

Step 5: Contact our staff

Once you and your client have reviewed a sample fund agreement, contact us. We look forward to exploring the possibility of working together to better serve your clients.