Advisors

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

Contact our donor gift planning director

Christy Eckoff
Director, Gift Planning
404.588.3183
ceckoff@cfgreateratlanta.org

Tax Benefits


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.


Gifts of cash are deductible up to 50% of the donor’s adjusted gross income (with a five-year carry forward), while gifts of cash to a private foundation are deductible only up to 30% 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 deductible at their fair market value up to 30% of the donor’s adjusted gross income (with a five-year carry forward), while gifts of private assets to a private foundation are deductible only at the contributor’s tax basis up to 20% of the donor’s adjusted gross income (with a five-year carry forward).
Gifts of publicly traded securities are generally deductible at 100% of the fair market value, including capital gain, up to 30% of the donor’s adjusted gross income (with a five-year carry forward). Gifts of publicly traded securities to a private foundation, on the other hand, are only deductible up to 20% of the donor’s adjusted gross income (with a five-year carry forward).
Gifts received through a donor’s estate are generally 100% deductible for estate tax purposes, with no limitation.
Making a charitable gift of tangible personal property through the Community Foundation can help you take an asset you no longer wish to own and put it to work for community good. Gifts of tangible personal property, such as, but not limited to, art, antiques and collectibles, may be donated to the Community Foundation. The gift will be evaluated by the Community Foundation before acceptance. You, as the donor, would be responsible for securing an independent appraisal of the item(s) if the value of the gift is over $5,000.

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:

Your client can make a bequest by naming The Community Foundation for Greater Atlanta, Inc. (legal name) as a charitable beneficiary in a new or revised will, or by adding a codicil to an existing will or living trust. The bequest can come in the form of a stated dollar amount, or specific property, a percentage of the total estate, or a portion of or the entire residue of the estate.

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.

A charitable gift annuity (CGA) allows your client to contribute assets directly to the Community Foundation while receiving an income tax charitable deduction and a guaranteed income for life. A CGA can help ease concerns of outliving financial resources by providing a high income coupled with numerous tax advantages.
A charitable lead trust allows your client to provide income to their fund, designated nonprofits or the needs of Atlanta for a specified number of years. Then, the remainder is returned to them or their named beneficiary. This means your client may be able to transfer assets to others without incurring estate, gift and income taxes.
A charitable remainder trust (CRT) allows your client to establish a trust for the ultimate benefit of their fund at the Foundation, for specific nonprofits or the needs of Atlanta. It’s also an opportunity for donors to retain a lifetime income generated by the contributed assets, receive a current income tax deduction and defer the capital gains recognized on the sale of the contributed asset. A CRT may help your client eliminate capital gains taxes altogether, and reduce or eliminate gift and estate taxes. This vehicle also can improve lifetime cash flow and, when coupled with an asset replacement trust, can provide for their heirs.
If your client owns valuable property and would like to continue using it throughout their lifetime, they can make arrangements to donate it to the Community Foundation at the end of their life. As a result, your client may receive an income tax deduction now, and an estate tax deduction in the future.
The gift of life insurance can provide valuable income and estate tax savings. As a donor, your client is welcome to give a life insurance policy he or she no longer needs, or take out a new policy. For maximum benefit, name the Community Foundation as the owner and beneficiary of a policy. This can benefit their fund, designated nonprofits or the needs of Atlanta.
You might be all too aware: retirement plan accounts and IRAs are often subject to layers of taxation—including both estate and income tax. A charitable gift of these funds at death, however, can provide a charity or a donor’s fund with the full 100 cents on the dollar.

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.


If your client is passionate about tackling the big issues and giving to the greater good in the Atlanta region, but would rather not participate actively in grant recommendations, our Common Good Fund may be the right channel for them.

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)

Designated funds allow you to provide support to a specific nonprofit through a long-term or “term of year’s” gift. These fund types offer an excellent solution for donors who wish to create a long-term resource to provide continual benefit to one (or more) charitable organization(s), but who prefer not to give the entire amount directly to the charity at the outset or establish an endowment-type fund for multiple nonprofits. The Community Foundation invests designated funds so that a sustainable portion of the fund’s balance (typically around 5 percent) can be paid to continually support the operations of the named charity or charities.

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.

The donor-advised fund is the Foundation’s most popular and flexible vehicle for giving. This fund type allows your client to make a tax-deductible gift to the fund now, and recommend grants to specific nonprofits on their own timetable.

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)

Fees

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
A field of interest fund is similar to our Common Good Fund in most respects, except that the grantmaking from the fund is limited to a particular cause or field designated by the donor. For example, you might choose to restrict your grants to an area of need, such as health, education or homelessness. Should your client wish their field of interest fund to benefit a nonprofit field for which the Community Foundation does not already support a grants process, it must be approved by the Foundation. The minimum annual administrative fee is 2 percent with a minimum annual fee of $5,000.
In order to access our services and expertise, many of Georgia’s largest private and family foundations also maintain funds at the Community Foundation for Greater Atlanta. To establish such a relationship, a private or family foundation may make a distribution into a fund at the Community Foundation. And in certain cases, we may also be able to provide services to a private foundation for a negotiated fee.

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.

Many donors choose to create a scholarship for students as an enduring philanthropic legacy. The Foundation provides all scholarship administration, and does so for an array of scholarship funds and types. The annual administrative fee is 2 percent. The minimum annual fee for a fully managed scholarship fund is $5,000, while the minimum annual fee for an externally managed scholarship fund is $1,000. Take a look at some of the scholarship funds currently administered by the Community Foundation.
A supporting organization is a separate legal entity with its own mission, board, bylaws, policies, etc. But, because of its close connection to the Community Foundation for Greater Atlanta, that organization enjoys legal status as a public charity—operating under the Foundation’s umbrella, much like the relationship between a corporation and its subsidiary.

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.

Philanthropic Services


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

Investment Options


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.

A diversified portfolio of assets invested broadly among institutional money managers. Managers are selected by the investment committee of the Community Foundation’s Board, with the assistance of a neutral investment consultant. The Foundation Pool is designed to support a distribution rate of approximately 5%, while simultaneously increasing the value of the corpus at a rate greater than inflation, net of grant distributions and expenses.
A diversified portfolio of mutual funds selected by the investment committee of the Community Foundation’s Board. The American Funds option is also designed to support a distribution rate of 5% while also increasing the value of the corpus at a rate greater than inflation, net of grant distributions and expenses. The donor may request that his or her licensed investment advisor be listed as the advisor of record for the fund.
A portfolio built with the objective of preserving principal and maintaining a high degree of liquidity while earning a minimal return.
For a minimum annual administrative fee of $5,000, the Community Foundation permits donors to recommend the investment advisor of their choice to manage the assets in their funds in accordance with the Foundation’s individually managed investment policy.

Download the Foundation’s Individually Managed Investment Policy

Download Our Investment Options Fact Sheet
 

Advisor Toolkit


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.

Access your Toolkit

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