Recently, professional advisors have shared with us that affluent clients have begun to ask for guidance beyond traditional estate, tax, and investment matters.
For example, clients are asking their advisors:
- “Is there someone who can help us figure out whether our charitable giving is really making a difference?”
- “If we want our kids to make their own money, that means we have to find an alternative place for the part of our wealth. Where do we even begin?”
- “Now that we’re retired and have more time to spend in the community, what should we do?
- Should we join boards of directors? Get more involved in the organizations we support through volunteering? Put more strings on our large charitable gifts?”
If your clients are asking questions like this, please give us a call. The Hudson Community Foundation can help. Even in an era when a new type of professional, the standalone philanthropy advisor, is emerging, these disciplines are nothing new at the community foundation.
Here are a few ways we help:
- Our team is available to help structure donors philanthropy, design roles for the next generation, develop a grantmaking plan, and evaluate how philanthropic people can invest their time and talent, as well as their wealth, to make the community better.
- As the original “philanthropy advisors,” community foundations offer insight into regional needs, vetted nonprofit networks, flexible giving structures, and support that complements of legal, tax, and financial planning advice.
- Because the community foundation operates day in and day out with donors, nonprofits, and civic infrastructure, we understand where impact can be achieved and where it can’t better than most external consultants.
- Our staff and board members know local nonprofits’ strengths, growth trajectories, operational challenges, and, importantly, the people at these nonprofits.
- Our team can help establish a structure to achieve your philanthropy goals while also working with professional advisors to align clients’ tax and estate planning goals. Vehicles include donor-advised funds, field-of-interest funds, designated funds, endowed funds, charitable remainder trusts, estate gifts, unrestricted gifts, or a combination of several.
Please reach out anytime! The Hudson Community Foundation team is here to help support your favorite causes and make a positive impact in the community or throughout the country. We are committed to serving as your charitable giving partner.
We welcome the opportunity to work with you and your financial advisor to establish an enduring and rewarding family philanthropy program that is customized to meet each client’s unique purpose.
Read more about Donors Guide to Donor Advised Funds.
With a fund at Hudson Community Foundation (HCF), advisors can manage the charitable assets on their preferred platform at any amount. Assets stay under their management. You can provide your clients with the consistent investment advice they expect. We are your partner in charitable giving!
The team at HCF is a resource as you serve your philanthropic clients. We understand the charitable side and are happy to serve as a secondary source as you manage the primary relationship with your clients. This blog is provided for informational purposes only. It is not intended as legal, accounting, or financial planning advice.
