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
The momentum around Qualified Charitable Distributions (“QCDs”) keeps rolling forward! What’s more, proposed legislation could make QCDs available through additional retirement accounts, creating even more opportunities for clients to support the causes they care about while advancing tax and retirement planning objectives.
Many attorneys, CPAs, and financial advisors are diving deeper into understanding split-interest gifts. These include charitable gift annuities and charitable remainder trusts, which can help advisors find ways for clients to balance their financial and income planning with charitable goals. This means it is crucial for advisors to understand the differences between these vehicles, and the community foundation can point you in the right direction.
As you help your clients plan their charitable giving strategies, take a look at opportunities for clients to make unusual noncash gifts, including classic cars, boats, RVs, and even aircraft. Many clients hold substantial wealth outside traditional investment portfolios, and these assets can create unique charitable planning opportunities when approached thoughtfully.
Charitable lead trusts may not come up often—but when they do, they can be powerful. The community foundation is happy to share why charitable lead annuity trusts (“CLATs”) are getting renewed attention, especially because of a recent IRS ruling, and how these vehicles can help certain clients achieve both charitable and estate planning goals.
You may already be well-versed in recent tax law changes—but many clients are just now starting to pay attention. The community foundation keeps you up to date on key developments affecting charitable giving and offers practical reminders to help guide your client conversations in a shifting landscape.
Philanthropy is deeply personal—but in a divorce, charitable assets can raise complex legal and financial questions. It’s important to consider how donor-advised funds, trusts, and other charitable vehicles may be treated when a marriage ends, and how proactive planning can help avoid surprises.
