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.
For a printable brochure on helping your clients achieve their charitable goals, click here.
Advantages of a Community Foundation vs. a Private Foundation
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
Are you bringing your "A game" to charitable planning? New research reveals some surprising gaps between what advisors think motivates their clients to give and what clients actually say. Plus, recent IRS action offers a reminder to steer clear of aggressive charitable giving arrangements. The community foundation is happy to share three practical suggestions for what to start, stop, and continue doing to make philanthropy an even more valuable part of your practice.
You're busy, and so are your clients! Fortunately, you don't need to add another meeting to the calendar to uncover charitable planning opportunities. One simple question you're probably already asking can open the door to meaningful conversations about philanthropy, whether a client has retired, welcomed a grandchild, experienced a jump in income, or become more involved in the community.
Women are playing an increasingly important role in financial decision-making, and new research offers valuable insights into what female clients want from their advisors. Charitable giving can be an especially effective way to deepen these relationships, explore clients' priorities, and engage multiple generations of a family. The community foundation is happy to help you make philanthropy part of the conversation.
It’s October, which means year-end planning is already underway. From QCDs and bunching to appreciated assets, a new deduction for non-itemizers, and long-term charitable plans, here are five charitable giving reminders worth repeating with clients before December 31.
IRAs can play two very different roles in a client’s charitable plan: giving during life and giving as part of a legacy. Make sure your clients understand both opportunities—and why conversations about retirement assets and charitable giving should not be one-and-done.
An appraisal? Check. A deed? Check. Form 8283? Check. A recent Tax Court case involving a multimillion-dollar charitable deduction is a striking reminder that one seemingly small omission in a charitable acknowledgment can have very expensive consequences.
