Financial Advisers: 6 Ways the Pinellas Community Foundation Can Help You Help Your Clients

If you go to the Pinellas Community Foundation web site at www.pinellasccf.org, you will find many tools and resources to help you ensure that your clients receive the full benefits of their contributions while supporting the charities of their choice. To watch the video click the image below.

The 6 main benefits of working with the Pinellas Community Foundation:

1. The Foundation has over 40 years of experience serving individuals, families, nonprofits, businesses and private foundations.
2. Your clients can use the Foundation to support multiple charities – locally or nationally.
3. You have the opportunity to help create an enduring legacy for your clients through funds that fulfill their charitable wishes.
4. We offer a full range of philanthropic services to meet your clients’ specific needs, such as choosing the right giving strategy or identifying the best organizations to support.
5. We provide expertise on community issues, as well as organizations that help and support them.
6. Your clients will receive the maximum tax advantages allowed by law.

If your client supplies the passion and ideas, we can provide the expertise and infrastructure.

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Important Differences Between Private Foundations and Family Foundations

The Pinellas Community Foundation is a time and cost saving alternative to a private or family foundation. The Foundation assumes all of the administrative and reporting requirements and helps the donor to avoid or decrease all the extensive legal costs and paper work. This type of fund can be created in a day versus several months.

A fund with the Foundation offers many advantages, along with greater charitable tax benefits. For example, gifts of cash or ordinary property to the Foundation are deductible up to 50% of adjusted gross income (AGI). Gifts to private or family foundations are deductible only to 30% of AGI. Similarly, gifts of appreciated property to community foundations can be credited for 30% compared to 20% for a private foundation. There are no excise taxes on community foundations as there are on private foundations and community foundations do not have a requirement that a certain percentage must be distributed each year.

To learn more, contact the Pinellas Community Foundation at (727) 734-2609.

How to Create a Charitable Fund in Pinellas County

Define your charitable objectives with the help of our Foundation staff. This preliminary meeting can include discussion with your professional advisor about the many tax benefits of charitable gifts.

Click below for a short video on how easy it is to create a charitable fund.

Name your fund. Many people choose to honor their family name. Or, they may honor a family member or friend. (Example: John Doe Family Fund OR Jane Doe Memorial Fund.)

Seed your fund with cash, real estate, securities or other appropriate options.
Once the assets are transferred, your vision becomes a reality.

For more information on how to start your give-back-to-the-community fund, click here or call the Pinellas Community Foundation at 727-531-0058

 

How the Pinellas Community Foundation is Different than the United Way…

Simply put, the United Way raises funds for current community needs, and the Pinellas Community Foundation serves donors and builds endowment for current and future community needs. The United Way helps to improve lives of communities around the world to advance the common good. The Pinellas Community Foundation’s only focus is helping communities right here in Pinellas County.

Ok, so what are the financial benefits and tax advantages of gifting through the Pinellas Community Foundation?

The Foundation’s approach to planned giving offers a number of important benefits to donors. Because we manage a large number of discretionary funds, administrative costs and custodial fees for any one fund are minimized – meaning less overhead cost to the donor’s fund. Another important advantage is that the federal tax code provides significant incentives for contributions to a Foundation like ours.

The Pinellas Community Foundation also has a number of different types of funds to accommodate donors who prefer the long-term strategy of endowments or those who want to give more actively each year. Donors may choose to establish one of these funds, which allow donors to recommend grants, or donors may choose to contribute to an existing fund that is focused on the needs in Pinellas County. Both the United Way and the Pinellas Community Foundation envision a world where all individuals and families achieve their human potential through education, income stability and healthy lives. Get Involved – Contact us at 727.531.0058 or email us at: info@pinellasccf.org on how to start your give-back-to-the-community fund.

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Professional Advisors & Charitable Giving Expertise

The Pinellas Community Foundation is your philanthropic partner and a resource in helping fulfill your client’s financial and charitable goals. We consider attorneys, accountants, financial planners, insurance agents and other professionals who have relationships with donors to be our valued partners in charitable giving. We know that developing a charitable plan that takes into account your client’s financial and charitable needs is no small task. As a professional advisor, the opportunity you have to help your clients achieve their philanthropic goals is both a privilege and a challenge.

This brief video explains how the Pinellas Community Foundation’s expertise can help your clients.

From the client who wants to make an immediate philanthropic impact, to the couple hoping to leave a legacy, to the family with a complicated tax situation – the Community Foundation can support your efforts to find the best solution for your clients. If your client is thinking about making a charitable gift, we offer a variety of giving vehicles. These vehicles provide specific tax benefits to your clients and help them achieve their financial, charitable, and business goals.

Your client supplies the passion and ideas, while we provide the expertise and infrastructure at:  http://www.pinellasccf.org

 

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• Professional Advisors: Nonprofit and Charity Funding
• Best donor funds for charities in Pinellas County…

Professional Advisors: Nonprofit and Charity Funding

If your client is thinking about making a charitable gift, the Pinellas Community Foundation offers a variety of giving vehicles. These vehicles provide specific tax benefits to your clients and help them achieve their financial, charitable, and business goals. Six main benefits of working with the Pinellas Community Foundation:

1. The Foundation has over 40 years of experience serving individuals, families, nonprofits, businesses and private foundations.
2. Your clients can use the Foundation to support multiple charities – locally or nationally.
3. You have the opportunity to help create an enduring legacy for your clients through funds that fulfill their charitable wishes.
4. We offer a full range of philanthropic services to meet your clients’ specific needs, such as choosing the right giving strategy or identifying the best organizations to support.
5. We provide expertise on community issues, as well as organizations that help and support them.
6. Your clients will receive the maximum tax advantages allowed by law.

Your client supplies the passion and ideas, while we provide the expertise and infrastructure.

For additional information you can go to the Pinellas Community Foundation website or call 727.531.0058.

Related articles

• Setting up Donor Funds for Charities
• Best donor funds for charities in Pinellas County…

Professional Advisors: Scholarship Fund Option for Donors

Creating Scholarship Funds. 

If your client wants to provide scholarship assistance for graduating high school students in Pinellas County but does not want the burden of administering a scholarship program – the Pinellas Community Foundation has extensive experience administering numerous scholarship funds created for a variety of purposes. The donor simply creates the criteria to be used in selecting the desired recipient, and we do the rest. Donors may also participate on a scholarship selection committees with foundation staff and foundation-appointed community volunteers to help identify recipients.

For more information on this topic, click here.

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  Best donor funds for charities in Pinellas County…
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Private vs. Family Foundations

The Pinellas Community Foundation is a time and cost saving alternative to a private or family foundation. The Foundation assumes all of the administrative and reporting requirements and helps the donor to avoid or decrease all the extensive legal costs and paper work. This type of fund can be created in a day versus several months.

A fund with the Foundation offers many advantages, along with greater charitable tax benefits. For example, gifts of cash or ordinary property to the Foundation are deductible up to 50% of adjusted gross income (AGI). Gifts to private or family foundations are deductible only to 30% of AGI. Similarly, gifts of appreciated property to community foundations can be credited for 30% compared to 20% for a private foundation. There are no excise taxes on community foundations as there are on private foundations and community foundations do not have a requirement that a certain percentage must be distributed each year.

To learn more, contact the Pinellas Community Foundation at (727) 734-2609.

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• Best donor funds for charities in Pinellas County…
• Part 1: Charitable Planning: How does a fund established at a community foundation compare to private foundations? Pt. 1
• Part 2: Charitable Planning: How does a fund established at a community foundation compare to private foundations? Pt. 2

Best Donor Funds for Charities in Pinellas County

Fund options for your clients: 

Pinellas Community Foundation

The flexibility of a community charity foundation can help your client in many ways. Whatever the charitable wish – to house the homeless, support education or the arts, alleviate hunger, or meet the needs of the disabled for generations to come – the Pinellas Community Foundation can provide assistance to you and your clients by offering a variety of fund options to meet their philanthropic goals. From donor advised funds (which allow your clients to engage in active grantmaking) to support for our discretionary grantmaking to scholarship programs, the Foundation’s funds allow your clients to choose their charity and level of participation.

Click here for an informative Forbes article on donor-advised funds: 

To read about more options on how professional advisors can help their clients looking for charities and donor funds, the Pinellas Community Foundation is here to help you: http://www.pinellasccf.org/professional-advisors/fund-options/

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Donations to a Charity Foundation in Pinellas County

Please join us in helping to build a better future for Pinellas County. The Pinellas Community Foundation is committed to making the Pinellas County community a better place to live. The Foundation is funded by the generous donations of local area citizens, as well as various philanthropic organizations and businesses. Through the generosity and dedication of our advisors, community leaders, board and staff, we help the community in the following areas:

• Provide donors with how-you-can-help detailed information about different communities’ needs and priorities.

• Offer consulting services for non-profit donations that match your donations with effective and rewarding charities. If you desire to be involved and want to be hands-on with the charity of your choice, we can help with that too.

• Support non-profit organizations so they may continue to provide effective and productive programs that benefit Pinellas County communities.

• Manage programs that deliver grants, scholarships, and support educational endeavors in the community.