Bob Carson, Carson Advisory Group and Past Board Member
“My clients tell me what they live for and what they want to leave behind. The Athens Area Community Foundation is a powerful ally in creating a dynamic legacy for them.”
-Kelly Holloway
Attorney at Epps, Holloway, DeLoach & Hoipkemier, LLC
We can help you meet your clients’ charitable giving goals…
The Athens Area Community Foundation is a local, flexible, tax-advantaged vehicle for passionate donors to leave a permanent legacy without losing control of the direction of their philanthropy. We handle contributions, manage assets, and facilitate grantmaking to help your client impact the issues they care most about, for generations to come. We also work with you to broaden the services your clients receive from you. Many of your clients are searching for a way to give back to the community, to memorialize a loved one, or simply do good. We will help you expand the options available to your clients for charitable and financial planning.
We partner with you through..
Strategic Giving
Do you have a client who is passionate about a specific community issue and wants to make a meaningful gift? You and your client can work with our grantmaking experts to understand relevant programs and then direct gift dollars to make the greatest impact.
Leaving a Legacy
Are there significant tax advantages your client will achieve by including a charitable provision in his or her estate plan? Your client’s bequest can create a fund that will contribute forever to causes that are important to them. We can help your client identify what he or she wants to accomplish and help you maximize the tax benefits of the bequest.
Year-end Tax Planning
Do you have a client who just earned a large bonus or their business created extraordinary profits? Do they want to share their good fortune with the community, but have little time at year’s end to decide on how to maximize the impact of such good fortune? You can recommend establishing a Donor Advised Fund within the Athens Area Community Foundation, which provides them with an immediate tax deduction and the opportunity to seek advice regarding the most effective use of their charitable assets. Actual grantmaking can be done at the convenience of your client.
Gifts of Highly Appreciated Stock
What about the client who has appreciated stock and wants to use a portion of the gains for charitable giving, but the intended charitable beneficiaries are not equipped to process direct stock gifts? You can suggest establishing a fund here at the Athens Area Community Foundation with the stock. Your client may realize a tax deduction for the full market value, while avoiding the capital gains tax that would otherwise arise from the sale of the stock. Your client can even be involved in recommending uses for the gift, including the organizations and programs he or she cares about most. Closely held stock can also be used as gift property.
Retiring in Comfort
Do you have a client who has always been charitably inclined but doesn’t want to forgo income from appreciated assets they have accumulated? We can show you how charitable gift annuities or charitable remainder trusts can help your client achieve charitable objectives while also preparing well for retirement.
Substantial IRA/401K Assets
Have you been approached by a client who wants to leave his estate to community and family, and has substantial assets in retirement accounts? We can help you and your client evaluate the most beneficial asset distribution to minimize taxes, thereby giving more to heirs and still achieving significant charitable objectives. For example, it is usually more tax advantageous for a donor to give retirement assets to charity and other assets to heirs because income (and possibly estate) taxes often dilute the value of an IRA or other retirement asset left to an heir.
Sale of a Business
Do you have a client who owns highly appreciated stock in a company that is about to be acquired? We can work with you to suggest several ways to structure a charitable gift (including the use of planned giving techniques) to help your client reduce capital gains tax and maximize impact to the community.
Alternatives to a Private Foundation
You may have a client who has the wherewithal to establish a private foundation, but is looking for a simpler, more cost-efficient alternative. We can help you and your client analyze the possible advantages of creating a Donor Advised Fund.
Attorneys, CPA’s and Financial Advisors
The Athens Area Community Foundation and Vickery Financial present an Estate Planning Series for anyone seeking Continuing Legal Education (CLE) and Continuing Professional Education (CPE). Join this free, interactive, virtual event to learn from presenters, Charles A. Redd and Turney B. Berry. This Estate Planning Conference Series is designed to be a monthly offering, now through December 2020.
- There is NO cost for attending this CLE/CPE event.
- Program materials are included.
- 1.5 hours CLE/CPE Credit offered per program.