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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

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.

Just as each of your clients has a unique estate plan and financial plan to meet the client’s particular situation and goals, each of your philanthropic clients needs a unique charitable giving plan. For example, for some clients, giving shares of highly-appreciated stock consistently every year to their fund at the community foundation makes the most sense for their charitable goals and their mix of assets. For other clients, leaving a bequest to the community foundation to support specific areas of interest is the best fit for the client’s financial situation and community priorities.

The community foundation offers charitable giving vehicles to meet a wide range of clients’ needs. In many cases, a single client can benefit from setting up multiple funds of different types. Here’s a quick primer on a few of the most popular fund types.

Tax time has its silver linings! Going over a tax return with a client helps start a productive conversation about ways to plan gifts to charity more effectively. As you scan 2023’s charitable contributions, talk with the client about whether those charitable gifts were made with cash or with other assets and then steer the conversation toward discussing the most effective assets to give to charity during 2024 and beyond.

Here is a four-point checklist that can help you advise your clients about the range of charitable giving options.

Local giving is frequently on your clients' radar.

Charitable gift annuities can be an attractive option for those who wish to retain a lifetime income stream.

Professional advisors are starting to hear questions that clients often ask about charitable giving as they are gathering information for their income tax returns. We’re here to help answer questions on any charitable giving topic, ranging from tax deductibility to the advantages of non-cash gifts.