Charitable Foundation Management

Integrating charitable giving into wealth management can offer significant benefits for both clients and financial advisors. Many clients prefer to work with advisors who prioritize their philanthropic values and causes. Here are key topics that are covered in this program and can be successfully integrated into your practice:

• Legacy Planning: Philanthropy can be a powerful tool for building a lasting legacy. By incorporating charitable giving into estate planning, clients can ensure their wealth supports their values and causes long after they're gone.

• Private Foundations: For those seeking greater control, private foundations allow clients to support a wide range of causes and establish their own grant guidelines. This can be a way to assist your client to make a significant impact while also maintaining legal control over both the direction and distribution of funds.

• Tax Efficiency: Charitable contributions can provide substantial tax benefits, such as deductions for income, capital gains, and estate taxes, This can help clients optimize their financial plans while supporting causes they care about.

• Family Involvement: Integrating philanthropy into wealth management can engage family members in meaningful conversations about values and legacy. This can strengthen family bonds and ensure that philanthropic goals are passed down through generations.

• Client Retention: Clients involved in philanthropy are more likely to remain engaged with their financial advisors. By weaving philanthropy into advisory services, advisors can create personal connections that resonate with clients and their families.

This course will provide an understanding of the complexities within this important area and offer guidance to Donor Development Officers, Not-for-Profit board members, and Financial Services professionals charged with adhering to the laws and policies governing these entities

Many professionals satisfy Continuing Education and/or Continuing Legal Education requirements with this course. Rules for CE and CLE approval are time-sensitive and vary by designation and state. 

Areas of Study Include: Key Laws Impacting the Charitable and Not-for-Profit Areas, Foundation Types and Their Uses and Benefits, Structure and Needs for Good Board Governance (Roles and Fiduciary Responsibilities), Needs for Gift Policy Issues, Charitable Giving Options and Techniques, Taxation of Individuals which Impacts Charitable Giving, Evolution of Sustainable Investing, Investment Policy Statement: Development and Formulation (Asset Choices, Spending Rules, and Selection and Monitorization of Investment Managers), RFP Best Practices, Current Case Studies and Group Discussions