Author: Todd Eckler, Executive Director of Fiduciary Trust Charitable (Todd also serves as CMO of Fiduciary Trust Company)
For many individuals, a donor-advised fund is a compelling vehicle for charitable giving, due to its tax benefits, flexibility, and cost efficiency. Watch the Fiduciary Trust Charitable video, “The Benefits of Donor-Advised Funds” for more information on the general benefits.
Fiduciary Trust Charitable is an independent 501(c)(3) public charity. We recognize that charitable giving is not just about tax savings and cost efficiency. It’s about accomplishing your charitable goals, creating a legacy, and, in many cases, engaging other family members. All of this should be done in the context of your overall financial plan.
Therefore, we’ve created a special donor-advised fund program for Fiduciary Trust Company clients that has four additional benefits:
Personal Service and Philanthropic Guidance
Your Fiduciary Trust Company Officer can provide personal support and guidance for the donor-advised fund you establish, as well as for your other accounts. They’ll take the time to understand your interests and create a plan for the donor-advised fund you establish, taking into account your overall financial plan. This can help you get the most out of your charitable giving on an annual basis, as well as in your estate plans. There will also be consistent reporting and online access for all the accounts, creating additional convenience.
A Tailored Investment Approach
Based on understanding the charitable objectives and timeline of the fund you establish, as well as your investment preferences, your Fiduciary Trust Company officer can create a tailored investment strategy for the fund. Your investments will be selected from a broad universe using Fiduciary Trust Company’s rigorous process. At some other donor advised fund providers, they only offer investments from one fund company, and have a limited selection available for donor advised funds.
By designating family members as charitable advisors, the family can come together on a long-term basis to make charitable grant recommendations, instilling values and strengthening family bonds. Fiduciary Trust Company can support this through organizing periodic meetings to discuss recommendations and progress.
The final benefit is competitive fees. Fiduciary Trust Company has a long history of supporting charities and wants to help clients’ philanthropic efforts. So there is a discounted investment management fee schedule for donor-advised funds.
As you can see, in addition to the general benefits to donor-advised funds, Fiduciary Trust Charitable’s program with Fiduciary Trust Company can provide an extra level of value if you’re seeking a more customized approach and personal support.
The donor-advised funds for which Fiduciary Trust Company provides investment management and administrative services are sponsored by Fiduciary Trust Charitable, an independent 501(c)(3) public charity. The opinions expressed in this article are as of the date issued and subject to change at any time. Nothing contained herein is intended to constitute investment, legal, tax or accounting advice, and clients should discuss any proposed arrangement or transaction with their investment, legal or tax advisers.