Professional Advisors

By partnering with the Community Foundation for Kingston & Area, professional advisors like you can help your clients fulfill their unique charitable goals in tax effective ways.

The Foundation can work with you and your clients to set up their own named charitable fund – a permanent investment that benefits the community year after year and creates a personal or family legacy. Donors can choose from establishing a permanent endowment fund, where only the fund’s income is granted out so the fund keeps on giving in perpetuity, or our new ‘enhanced spending’ option – which will draw down the capital of your fund over time; so it won’t last forever, but it will grant more money out each year.

 

How We Can Help

Working with the Foundation your clients have the flexibility to shape their own charitable giving to reflect their personal goals and desires; now or through a bequest gift. Whether they want to address an urgent need in the community, memorialize a loved one, or help out a charity with a specific project, we have a giving option to help them make an impact and improve the lives of others in the community in a way that is meaningful to them.

And we make setting up a charitable fund as simple and convenient as possible. That’s why we offer a variety of different fund types including Donor Advised Funds and Donor Desginated Funds. New funds can be set up quickly, in as little as a day, with a commitment of achieving the required fund minimum within five years ($10,000 or $25,000 depending on the fund type). Please contact us to learn more.

Many individuals and families choose to work with the Community Foundation as an alternative to setting up a private foundation because of our connections to the community, and simply because it’s easier administratively. It’s like having their own family foundation, but without all the expense and book-keeping. Families can then focus on the most fulfilling part – giving.

The Foundation is also pleased to deliver an e-Resource for Professional Advisors made available through Community Foundations of Canada, of which we are a proud member. The Professional Advisors e-Resource offers a range of information and tools to help you in your work with your clients.

 

Benefits of Partnership with the Foundation

You remain the trusted advisor for your client’s philanthropic goals. We’re here to help you provide current information on philanthropic options and we are a single point of contact for philanthropic questions or conversations.

You clients can donate a variety of assets. We accept and issue charitable donation receipts for a wide variety of assets, including cash, securities, insurance, or real property either as current gifts or as part of an estate plan. We can also facilitate donations to other charitable organizations that do not have the infrastructure or experience to receive donations of securities in-kind.

We will provide you and your clients with charitable giving expertise. Serving our community for over two decades, we provide a valuable service to your clients. We off flexible options to suit your clients’ giving, the benefits of pooled investing, and whatever level of anonymity or recognition is preferred.

We are your single point of contact to access community knowledge. As a direct result of our community research and granting process, we are aware of both the critical and emerging needs in Kingston and area. This allows you to help you clients make the most effective choices for community support.

Charitable giving is a proven way for your clients to connect across generations. When you help families create a Donor Advised Fund, you can stay involved with the family for generations.

 

Resources:

How to set up a Fund with the Foundation

Forms for your client to donate appreciated securities for maximum tax advantage

Sample wording for charitable bequests in Wills

 

Contact

Contact Tina Bailey, Executive Director, at tina@cfka.org or 613.546.9696 to explore how we can assist you in serving your clients.

Check out these Donor Stories to see how other donors are working with the Foundation!

275 Ontario Street Suite #100
Kingston, ON K7K 2X5
Phone: 613.546.9696
Fax: 613.531.9238
Email: info@cfka.org