With all the uncertainty in 2020, could your clients benefit from some peace of mind?
An InFaith Community Foundation donor is eager to share how her donor advised fund has been a source of comfort during the uncertainty of the COVID-19 outbreak.
“When I opened our donor advised fund, I never imagined how much peace of mind it would offer during a time like this,” says donor Kristin Daniels. “Watching the markets this week and knowing I didn’t have to decide whether or how much we could give to our food shelf was so comforting. That decision was already made, with less stress, and I could give freely without worry.”
Wealth Advisor Jennifer Cords helped Kristin and her husband, Chris, include a charitable component in their comprehensive financial plan.
Jennifer says, “Knowing they accomplished what they set out to do makes me grateful for the partnership with InFaith. They have an abundance of tools that make it easy to incorporate the charitable piece.”
Teaching Intentional Generosity
A top priority for Jennifer’s clients was finding a way to model generosity for their two young boys. “Their strategy is sharing the value that it’s important to give back, and the tool they use is a donor advised fund,” she says. Their kids help choose charities to receive designated gifts from the fund they established using appreciated securities.
Giving non-qualified appreciated assets helped the couple avoid triggering unanticipated taxes. “People don’t give for the tax deduction, but it does make them feel better knowing there is tax efficiency for their overall plan,” Jennifer says.
Jennifer also observes that families are more intentional about generosity than ever since online giving options, such as donating via email and tithing electronically, make it rare for kids to see gifts happening.
“Donor advised funds are great vehicles to shed a different light on generosity for parents and grandparents who want to share that value with their families,” Jennifer says. “Ultimately, everything we have is a gift from God. There’s joy in helping clients be good stewards.”
Stonebridge Group Gives
Jennifer and her partners at the Stonebridge Group established a donor advised fund with InFaith to fuel employee philanthropy. Last year the partners donated 10 percent of profits to the fund, from which gifts are made to community organizations and charitable gifts by employees are matched.
“Gratitude is a team value, and we want our business to reflect that,” Jennifer says.
Get Started with InFaith
She recommends financial professionals contact InFaith. “Whether you are an expert or new at this, they will exceed your expectations.” Call InFaith’s gift planners at 800-365-4172 or visit our website to start the conversation.