At Hudson Community Foundation (HCF), we are honored to work with so many donors and your clients to support the causes they care about through a donor-advised or other type of fund. We are also inspired by your clients who are in the initial stages of getting to know HCF and are considering establishing a fund. Thank you for your referrals!
Wherever you or your client may be in the stages of philanthropic planning, the team at HCF welcomes the opportunity to meet. And, considering that August is national Make-A-Will month, now may be the perfect time to get together.
Here are five insights into what you and your clients can expect at these meetings:
–You will get personal, dedicated service. Unlike financial institutions’ donor-advised fund platforms where access to a dedicated donor services team can be rare, the staff at HCF is here in real life. We routinely meet with donors alongside their legal, tax, or financial advisors to assess the current situation and determine the best charitable tax strategies for the family. This includes evaluating the best assets to give to a fund at HCF, including publicly traded stock and even other noncash assets such as real estate or closely held stock.
–We care about your intentions. The team at HCF wants to understand the areas of interest that are a priority for each client, whether that is the arts, health care, social services, the environment, education, community development, or something else. This allows us to make local connections for you or your clients to learn about specific nonprofits and get involved in meaningful ways.
–We want to understand the next generation. We will talk about the roles you or your client envisions for the successor advisors named in the donor-advised fund documentation, such as children, who will make decisions about grant recipients when the client is no longer living or no longer able to manage the fund. In many cases, these roles will parallel the roles that have been selected for children in your or your client’s wills and trusts.
–We use an integrated approach. We will help you not only establish a donor-advised fund, if that is a fit, but also establish additional funds to meet the client’s goals. Sometimes our team discovers during a meeting that the client’s wishes are best served through multiple funds. For example, a client may establish a donor-advised fund and decide to establish a designated fund, for a particular nonprofit organization, scholarship, or an unrestricted fund to support the community foundation’s mission in perpetuity.
–We make the paperwork a simple process. As you know if you have already worked with a client to establish a fund at HCF, the paperwork is straightforward and easy to set up with no cost. Whether exploring updating an existing donor-advised fund, setting up a new donor-advised fund, or adding additional types of funds to a client’s portfolio, we’ll prepare simple documentation to capture a client’s wishes, collect important contact information, and work with you to address the client’s vision for their charitable impact both during and after the client’s lifetime.
We look forward to getting together! Please reach out anytime.
We welcome conversations to help donors give to their favorite causes. Hudson Community Foundation enables simple, smart, and meaningful family philanthropy. Although HCF is a public charity, it does not promote one charitable cause. Rather, HCF is committed to expanding the capacity of family philanthropy – no matter where you live.
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 your 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.
