As a professional advisor, you expect your clients to depend on you to help them reach their charitable giving goals. The Fremont Area Community Foundation stands ready to lend a helping hand, and strengthen your relationship with your clients along the way.
For over four decades, the Fremont Area Community Foundation has helped countless local philanthropists and their advisors connect with meaningful causes and make a real charitable impact.
As the Fremont area’s philanthropic hub, our knowledge of the evolving community needs, as well as the work of nonprofit organizations in our area makes us uniquely qualified to help you help your clients achieve their charitable dreams. We can help to identify nonprofits or causes that are important to your clients, seek options for creating endowed funds today, or determine future gifts through their estate plans.
For a printable brochure on helping your clients achieve their charitable goals, click here.
Advantages of a Community Foundation vs. a Private Foundation
Donor-advised funds within a community foundation may provide a very attractive alternative for clients who might otherwise consider setting up a private foundation. Benefits may include:
- Ease of administration; no set-up costs
- Permanence - the fund may be donor-advised by client and their children, and set up to continue at the end of the donor-advising period
- Recognition - or anonymity, whichever the client desires
- Tax advantages - contributions may have higher deductibility limits than are allowable for private foundations.
Contact Melissa Diers at mdiers@facfoundation.org or 402-721-4252 for more information.
Sample Language for Bequests
If your client wishes to include the Fremont Area Community Foundation in his or her estate plans, he or she will want to use our proper, legal name. Suggested language is:
“I hereby give, devise, and bequeath (dollar amount, percentage of estate, or residuary) to the Fremont Area Community Foundation, Inc., now or formerly in the city of Fremont, Nebraska, 1005 East 23rd Street, Suite 2, in the State of Nebraska, for its general purposes.”
The Internal Revenue Service recognizes the Fremont Area Community Foundation as a 501(c)(3) nonprofit organization.
Information for a Gift of Retirement or Life Insurance Benefits
The following is the information generally required for a client to name the Fremont Area Community Foundation as a beneficiary of a retirement plan or life insurance policy:
Legal Name: Fremont Area Community Foundation, Inc.
Address: 1005 East 23rd Street, Suite 2, Fremont, NE 68025
Federal Tax ID #: 47-0629642
Date Established: November 24, 1980
NEWS ARTICLES
By the time fall rolls around, the weeks leading up to year-end often pass way too quickly, which means now is the perfect time to talk with clients about “bunching” charitable gifts into a donor-advised fund. Learn why early planning with the community foundation can help clients maximize tax benefits through bunching and other strategies, while providing consistent support to the charities they care about.
Today's clients increasingly expect charitable planning to be woven into broader conversations about wealth, family, and legacy. We've gathered several recent articles that reinforce why advisors who lead with purpose—not just tax savings—can build stronger, more enduring client relationships.
Congress continues to consider bipartisan proposals that would expand Qualified Charitable Distributions to employer-sponsored retirement plans and, potentially, donor-advised funds. Although these bills have not yet become law, we'll keep you updated on developments that could create new charitable planning opportunities for your clients.
Many clients know that appreciated stock is one of the most tax-efficient assets to give to charity, but fewer understand how the IRS actually values those gifts. It’s useful to review the "high-low average" rule and offer practical reminders you can share before clients transfer securities to their donor-advised or other type of fund at the community foundation.
For many business owners, a succession event may be the largest liquidity event of a lifetime. We’re sharing four questions you can ask your clients to help bring charitable planning into the conversation early. Plus, we offer a word of caution to help you avoid a common and potentially treacherous pitfall in business succession planning.
Effective charitable planning requires more than just technical knowledge. The community foundation is always happy to be a source for important market context for your work with clients. In particular, recent commentary from industry sources sheds light on the growing nonprofit sector, evolving charitable giving rules, and why philanthropy is increasingly connected to broader financial and estate planning conversations.
