Your work is more than transactional. It’s transformational.
Helping You Help Others
As a professional advisor, you represent one of the most vital and dynamic groups of stakeholders that help the Community Foundation strengthen the Atlanta region and the world through philanthropy. Members of the professional advisor community refer more than 90 percent of our new donors to the Foundation. To put it another way, we couldn’t do it without you.
Because by presenting philanthropy as an essential element of your practice, you’re helping your clients invest their resources in ways that connect their passion with purpose. After all, you’re a trusted partner who’s uniquely poised to help them navigate their philanthropic journey. So we, in turn, are here to help you.
The Community Foundation works directly with you to create a powerful, flexible, effective philanthropic strategy for your clients. We also provide resources and programs specifically for professional advisors—so you can augment and deepen your client relationships through the joy of philanthropy.
To talk about the asset types that are right for your clients, please contact
Director, Gift Planning
How We Work With You and Your Client
Your client has the passion to make a positive difference in our region. Our team connects that passion with purpose. Here’s how it works, and how we collaborate with you—for the benefit of your client, and the community.
Want to learn more about the power of philanthropy in financial and estate planning?
Because the Community Foundation is a 501(c)(3) public charity, your clients receive the most valuable tax benefits available under law for their charitable contributions — for both income tax and estate tax purposes.
Types of Assets
We regularly work with professional advisors like you to help donors develop sophisticated, effective giving strategies. And the Community Foundation is flexible in our ability to accept a wide variety of appropriate assets as charitable contributions. In addition to cash, gift types include:
- Publicly traded stock
- Mutual funds
- Bonds and other debt obligations
- Real estate—including complete or partial interest in residential real estate, undeveloped land, commercial real estate
- Privately held companies—including interests in C-corporations, LLCs, limited partnerships and S corporations
- Restricted stock and Founder’s share
- Intangible and/or intellectual property
- Tangible personal property
- Life insurance
- Retirement plan assets
Leaving a Legacy
The Community Foundation supports donors in creating planned gifts, helping them leave a charitable legacy for both their family and their community. The following planned charitable gift vehicles can be used during your client’s lifetime, and beyond:
The following language would be appropriate for a bequest:
(a) I give and bequeath ______ percent of my adjusted gross estate (as that term is defined in the federal estate tax laws) to establish the “_________ Fund” of The Community Foundation for Greater Atlanta, Inc., subject to its governing instruments, policies and procedures, as amended from time to time.
(b) I bequeath _______ percent of my adjusted gross estate (as that term is defined in the federal estate tax laws) to The Community Foundation for Greater Atlanta, Inc. This gift shall be devoted to the general charitable purposes of the Community Foundation as set forth in its governing instruments, as amended from time to time.
Types of Funds and Fees
At the Community Foundation, we offer our donors the ability to establish a variety of different funds to achieve their charitable objectives.
The most popular choice is the donor-advised fund, which provides your client with an immediate tax deduction while allowing active involvement in the fund’s charitable grantmaking for generations to come. For philanthropists who prefer not to remain involved in grantmaking decisions, we offer our Common Good fund. Likewise, for donors that wish to support one or more named charities, we offer designated funds and scholarship fund options. And for more complex philanthropic plans, the Community Foundation provides services to supporting organizations and private foundations.
This fund is often the best choice for donors who wish to leave a legacy through their will or estate plan to benefit the greater Atlanta community but who don’t have heirs they wish to involve in grantmaking decisions after their lifetime.
This option allows your client to give back to the greater Atlanta community in general, rather than identifying a particular organization or cause as the grant recipient. A sustainable percentage of the fund’s balance (around 5 percent) is granted each year to charities in the metro area that are selected by a committee of community members and ratified by the governing Board of the Community Foundation. An unrestricted fund is a permanently directed fund named by or for you, the donor. And it’s a powerful, effective way to leave a permanently named legacy for the greater Atlanta area — a legacy that can adjust over time as the needs of the community change.
For unrestricted named funds, the annual administrative fee is tiered according to the following schedule:
• First $500,000 1.00%
• Next $500,000 – $5M 0.70%
• Next $5M – $20M 0.55%
• Next $20M+ 0.50%
Minimum Annual Fee
• $1,000 for standard funds invested in the Community Foundation’s investment vehicles (i.e., Unitized Pool, American Funds, Conservation Option)
As a donor, you might wish to consider creating a designated fund if:
- The benefited charity lacks the size, experience or expertise to administer a sizeable fund
- You have concerns about the long-term existence of the benefited charity and would like to name backup charities to receive payments if the primary charity ceases to exist or changes its mission
- You’re simply more comfortable separating the principal gift from the control of the named charity’s staff and/or board
- You may benefit many different nonprofits in an organized and efficient way
The administrative fee for a designated fund is 1.25 percent, and the minimum annual fee is $1,000.
A donor-advised fund allows your client to receive a tax deduction in the year of any donation to the fund. Then, your donor and their family can remain actively involved in the fund’s charitable grantmaking for generations to come. In fact, many of our philanthropists view their donor-advised funds much like a family foundation; it is an alternative to a private foundation, but provides greater tax advantages and involves fewer administrative burdens.
And remember: a donor-advised fund at the Community Foundation can make grants to any 501(c)(3) charity in the United States, and internationally as well—including houses of worship, schools and universities.
Administrative benefits of donor-advised fund:
- Created at no cost, simply by completing a fund agreement. Unlike a private foundation, there are no associated legal fees or applications for approval from the IRS
- Not subject to a 5 percent payout requirement. Though donor-advised funds at the Community Foundation regularly pay out more than 10 percent of their balance each year, there is no legal requirement to make grants in any given year. Likewise, there is no maximum amount that a donor may request to pay out to charities
- Not subject to an excise tax on investment income
- Does not require separate tax identification status, annual tax return or audit
- No minimum fund size
- It can make anonymous gifts
- Only $1,000 minimum annual fee for standard funds invested in the Community Foundation’s investment vehicles (i.e., Unitized Pool, American Funds, Conservative Option); enhanced or externally managed funds and other levels of donor services involve greater administrative fees
Tax deductibility of gifts
- Gifts of publicly traded securities are generally deductible at 100 percent of the fair market value, including capital gain, up to 30 percent of the donor’s adjusted gross income (with a five-year carry forward)
- Gifts of cash are usually deductible up to 50 percent of the donor’s adjusted gross income (with a five-year carry forward)
- Gifts of private assets (e.g., real estate, private company stock) are usually deductible at their fair market value, up to 30 percent of the donor’s adjusted gross income (with a five-year carry forward)
For donor-advised funds, the annual administrative fee is tiered according to the following schedule:
- First $500,000 1.00%
- Next $500,000 – $5M 0.70%
- Next $5M – $20M 0.55%
- Next $20M + 0.50%
Minimum Annual Fee
- $1,000 for standard funds invested in the Community Foundation’s investment vehicles (i.e., Unitized Pool, American Funds, Conservative Option)
- $2,500 for personalized philanthropic service funds invested in the Community Foundation’s investment vehicles (i.e., Unitized Pool, American Funds, Conservative Option); donors with funds of any size can opt into our highest level of donor services and programs by paying the minimum fee
- $5,000 for funds that are individually managed by an outside investment manager
Meanwhile, your client may have determined that his or her existing private or family foundation no longer meets the stated philanthropic or financial objectives. In that case, the entire private foundation may be converted to a fund with the Community Foundation.
The Community Foundation legally appoints a majority of the supporting organization’s board of directors. A new or existing supporting organization may affiliate with the Community Foundation if it has at least $2 million in assets. Supporting organization policies, procedures, services and fees are negotiated on a case-by-case basis.
Through a supporting organization, your client receives the benefits and services of the Foundation itself—while maintaining a separate board of directors that manage the supporting organization’s grantmaking, investments and other functions.
Since 1951, the Community Foundation has provided personalized, concierge service to philanthropists throughout the Atlanta area. We work with advisors like you to help donors. And we provide your clients with expertise about the issues affecting our community—and the organizations best suited to address them.
For a minimum annual administrative fee of $1,000, all donors may receive our essential level service offerings. Our essential services provide your client with a dedicated philanthropic advisor, as well as expertise in the discipline of grantmaking. Your client also benefits from administrative support and special donor engagement and educational opportunities.
For a minimum annual administrative fee of $2,500, donors may receive enhanced personalized philanthropic services.
Download a Summary of our Services
As a Foundation donor, your client can select one of four investment options—so it’s easy to find the right match for their philanthropic goals.
The assets of the Community Foundation and the investment managers that serve under the Foundation’s four investment options are closely monitored by the investment committee of the Community Foundation’s Board, a group of experienced investors and leaders from a variety of business backgrounds. As stewards of the Foundation’s assets, our investment committee holds the selected investment managers to the highest standards of ethical behavior and professional performance.
Download Our Investment Options Fact Sheet
We’ve assembled a variety of resources for partners like you in the professional advisor community. This convenient, fast-access toolkit is designed to help you find the answers you need to guide your clients along their philanthropic journey.
The professional advisor community remains instrumental to the impact, longevity and success of the Community Foundation for Greater Atlanta. On behalf of all of us at the Foundation, thank you.
Let’s Make Plans
We’re here to help you develop a philanthropic strategy that’s rewarding for you, your client and your community. So, let’s talk. And together, we’ll build a powerful partnership that changes lives—for good.
Speak With a Gift Planner