professional advisors

Partnering to serve your clients

When a person begins to consider charitable giving, their trusted financial advisors are often the first to be consulted. We respect the relationships that you have developed with your clients and complement the services you offer. TFEC works collaboratively to connect your clients to the causes they care about most and help them understand how to achieve their charitable goals.

Is your client ready to give?

We are here to help you identify the best solutions for your client’s goals and interests. But, how will you know that your client is a good candidate for charitable giving? Here are 10 indicators:

Has Appreciated Property

Your client is being forced to sell some type of appreciated property. She can avoid recognizing capital gains by donating the property prior to sale.

Owns Closely-Held Stock

Your clients would like to take their closely-held company public. If closely-held stock is donated to charity prior to an initial public offering, any capital gain can be captured for charitable purposes and will not be taxable to the donor upon sale.

Selling Highly Appreciated Securities

An elderly client who already has several charitable bequests in his will would like to sell some low-dividend, highly appreciated securities. He will likely earn a larger income stream by donating the securities to complete a charitable remainder trust and any tax payable on realized capital gains would be spread over a number of years.

Making Monetary Gift to Individuals

Your clients would like to provide some type of monetary gift to one of their housekeepers, gardeners, neighbors, nieces, or nephews. They could establish a charitable remainder trust or a charitable lead trust to benefit that third party. Some gift tax consequences may result, but they’ll receive the added benefits of an income tax deduction, possible deferment of capital gains tax, and the knowledge that their gift benefits a person and one or more charities that they cared about during their lifetime.

Recently Received Bonus

One of your clients calls to celebrate the large bonus she will be receiving this year. She could elect to set aside a portion of that bonus to make a charitable gift to a donor advised fund. This would allow her to offset taxable income with a charitable deduction, and she would retain the right to suggest grants to her chosen charities over a number of years.

Avoid Capital Gains

A retired client complains to you because of the low-yielding, appreciated securities he wishes to sell but can’t because he does not want to pay the capital gains tax. If his goal is to earn an income stream, he might establish a charitable remainder trust, thus spreading the gain over a number of years and reaping the income based on the full fair market value of the stock. If his goal is diversification, he can establish a donor advised fund that will allow him to suggest grants over a number of years, with no capital gains tax liability for the donated stock.

Estate Planning with No Heirs

A single person or couple without children come into your office to receive advice on an estate plan. They might wish to leave a legacy to the community, rather than to distant relatives, friends, or the government.

Holds Retirement Funds and IRA Assets

Your client discovers she has a large retirement fund of which her heirs will receive only $.25 to $.30 on the dollar. If the client has charitable intent, charitable gifts of IRA assets are ideal because TFEC is tax-exempt and will have no income or capital gains tax effects and would result in income and/or estate tax deductions for the donor.

Transferring Family Business

Your client informs you of his desire to transfer the business he founded to members of his family. He can give the shares to TFEC and obtain a tax deduction based on the appraised value of the stock. His children can then buy back shares at their appraised value, and a charitable fund remains to benefit the community.

Benefiting Family

Two unmarried sisters come into your office and inform you they would like to benefit each other financially through their estate plans. Each might establish a testamentary charitable remainder trust to benefit the other during her lifetime. At their death, a charitable legacy will succeed them.

Partner with TFEC

Support for professional advisors at every step in the giving process

Our primary goal is to enhance your client relationship and allow you to expand your own offering. We have developed our financial policies to function within estate planners, financial advisors, accountants, and attorney’s workflow, remaining in the background or leading the conversation with your clients. However, if you choose to work with TFEC, we will accommodate to optimize the impact of every gift.

Here are some of the ways TFEC can assist you in your practice

Signup to receive our Professional Advisor Insider newsletter.

Let us help you choose the best fund type and type of assets to suit your client’s financial and charitable goals.

Clients who have already established a private foundation may consider establishing a fund at TFEC to take maximum advantage of the tax laws favorable to charitable giving.

Create an Outside Investment Account with TFEC for donors with funds in excess of $75,000 to use their personal financial advisors to recommend investment holdings.

Connect with us for more information or to arrange a no-obligation meeting with you and your client(s) to discuss TFEC and the services that we offer.

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