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For Professional Advisors

As a professional advisor, you expect your clients to depend on you to help them reach their charitable giving goals. The Fremont Area Community Foundation stands ready to lend a helping hand, and strengthen your relationship with your clients along the way.

For over four decades, the Fremont Area Community Foundation has helped countless local philanthropists and their advisors connect with meaningful causes and make a real charitable impact.  

As the Fremont area’s philanthropic hub, our knowledge of the evolving community needs, as well as the work of nonprofit organizations in our area makes us uniquely qualified to help you help your clients achieve their charitable dreams. We can help to identify nonprofits or causes that are important to your clients, seek options for creating endowed funds today, or determine future gifts through their estate plans.

Advantages of a Community Foundation vs. a Private Foundation

Professional Advisors

Donor-advised funds within a community foundation may provide a very attractive alternative for clients who might otherwise consider setting up a private foundation. Benefits may include:

  • Ease of administration; no set-up costs
  • Permanence - the fund may be donor-advised by client and their children, and set up to continue at the end of the donor-advising period
  • Recognition - or anonymity, whichever the client desires
  • Tax advantages - contributions may have higher deductibility limits than are allowable for private foundations.

Contact Melissa Diers at mdiers@facfoundation.org or 402-721-4252 for more information.

Sample Language for Bequests

If your client wishes to include the Fremont Area Community Foundation in his or her estate plans, he or she will want to use our proper, legal name. Suggested language is:

“I hereby give, devise, and bequeath (dollar amount, percentage of estate, or residuary) to the Fremont Area Community Foundation, Inc., now or formerly in the city of Fremont, Nebraska, 1005 East 23rd Street, Suite 2, in the State of Nebraska, for its general purposes.”

The Internal Revenue Service recognizes the Fremont Area Community Foundation as a 501(c)(3) nonprofit organization.

Information for a Gift of Retirement or Life Insurance Benefits

The following is the information generally required for a client to name the Fremont Area Community Foundation as a beneficiary of a retirement plan or life insurance policy:

Legal Name: Fremont Area Community Foundation, Inc. 
Address: 1005 East 23rd Street, Suite 2, Fremont, NE 68025

Federal Tax ID #: 47-0629642

Date Established: November 24, 1980

NEWS ARTICLES

Charitable giving in an election year, rounding up at the register, and legal pitfalls for nonprofits. Read more here.

When your client is getting ready to make a contribution to a fund at the community foundation or other charity, remind them not to automatically reach for the checkbook! Here are other (and typically more tax-savvy) options to consider.

The community foundation is committed to providing timely updates on legal and policy developments to help you and other professionals who advise philanthropic clients stay on top of best practices in charitable planning. In that spirit, donor-advised funds and the rules governing these vehicles are topics that are popping up more frequently in financial and even mainstream media. Our team is closely watching these regulatory developments. 

Getting a jump on a future “to do” list is always such a good feeling. The team at the community foundation can help you with your clients’ long-term charitable giving plans by putting in place the structures to receive bequests decades from now.

No matter how frequently you remind clients to pause before they automatically reach for the checkbook to make their charitable gifts, many clients still give cash! As an attorney, accountant, or financial advisor, you are well aware that giving long-term appreciated assets is often one of the most tax-savvy ways your clients can support their favorite charities. Nevertheless, it’s sometimes hard to convey that message to clients with words that stick. Next time, consider using illustrations to help clients see the benefits.

The team at the community foundation tracks legislation, legal developments, trends, news, and innovative strategies for all types of charitable giving so that we can keep fund holders and their advisors up to date.

Recently, donor-advised funds have been the subject of conversation within financial and estate planning circles, as well as a trending topic in philanthropy, related to a set of proposed regulations issued by the IRS late last year. The IRS has scheduled public hearings on the proposed regulations, set for May 6, 2024.