"Helping clients develop their philanthropic impulse should be a slam dunk - but often it's not," starts the featured article, "Philanthropy's Cutting Edge," in Research Magazine, also posted on AdvisorOne.com. The article encourages professional advisors to suggest charitable giving to their clients by outlining 10 innovative methods.
The #1 method, Rethinking the Private Foundation, includes quotes from our own Baruch Littman, The Foundation's vice president of development. Here's an excerpt:
Small private foundations, hammered by overhead costs and investment management fees, could operate as healthier entities when crafted as donor advised funds, according to Baruch Littman, vice president of development for the Jewish Community Foundation of Los Angeles. DAFs, he says, are leaner (no board, for example) and the donor gets the tax deduction the minute he throws cash or marketable securities into it. A DAF is also more flexible when it comes to donations of real estate and closely held stock.
Top 5 innovative concepts to help your clients think
about charitable giving (per the article):
- Rethinking the Private Foundation
- Recognizing Donor Advised Fund Differences
- The Insurance Card
- Impact Giving
- Funder Collaboration
To continue reading "Philanthropy’s Cutting Edge" by Ellen Uzelac visit AdvisorOne.