Our approach is one of the reasons our team, our donors, and professional advisors find it easy to set up charitable giving funds like other philanthropists across the U.S. committed to supporting various causes and charitable initiatives.
It’s not just the super wealthy donors who are making a difference. Families at all stages of affluence are taking steps to organize their charitable giving activities. Donor-advised funds at community foundations and national financial institutions have experienced substantial growth over the past decade, with total grants nearly doubling in the last five years.
Hudson Community Foundation (HCF) has been offering a local option for 25 years for you or your clients who want to get started with a structured and intentional approach to their philanthropy by establishing a donor-advised fund. A donor-advised fund at (HCF) offers donors several benefits:
Personalized service and local expertise
Our team provides a personalized service, inviting donors to interact with local experts who understand the community’s needs. We offer tailored advice on grantmaking to support the causes you care about. HCF’s local focus ensures that administrative fees support local nonprofit rather than national or commercial entities.
Flexibility and customization
HCF is happy to offer a range of options for donor-advised funds as well as other types of funds, including endowed or non-endowed options, allowing clients to choose how they want to organize and manage their philanthropy. Plus, through a donor-advised fund, donors can support a full range of qualified public charities, both locally and nationally, providing flexibility in a strategic giving strategy.
Tax benefits and administrative simplicity
Your contributions to a donor-advised fund are eligible for immediate tax deductions, and assets can grow tax-free, maximizing the impact of donations. Our team manages all administrative tasks, such as record-keeping and tax reporting, simplifying the process for you.
As you encounter these and other scenarios, please reach out! Most of the time, HCF can offer a solution that meets both the client’s tax and estate planning goals, and the client’s objectives for supporting their favorite charities.
The team at the HCF looks forward to working with you and your clients to establish (or update) bequests to fulfill charitable legacies. Give us a call!
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.
