Fiduciary Trust Charitable issued the following press release on its new offering:
Combining a flexible, tax-efficient vehicle with the personal service and counsel of a financial advisor to help individuals achieve their charitable goals
BOSTON – September 27, 2017 – Fiduciary Trust Charitable, an independent public charity, announced today the launch of a new donor-advised fund offering. The program integrates the general tax efficiency, grant flexibility and cost efficiency of donor-advised funds with the personal service, philanthropic guidance and tailored investment approach of a financial advisor. Donors may select Fiduciary Trust Company as the investment advisor, or designate another financial advisor (subject to approval by Fiduciary Trust Charitable). Fiduciary Trust Company is the administrative services provider for all Fiduciary Trust Charitable donor-advised fund accounts.
“Our program addresses key underserved needs among donors and financial advisors. High-net-worth donors can partner with their existing financial advisors and receive personal service, advice and a tailored investment program for the donor-advised funds they establish,” comments Todd H. Eckler, Executive Director of Fiduciary Trust Charitable. “Advisors benefit from deeper relationships with clients, and access to the high quality, personal service provided by our administrator, Fiduciary Trust Company.”
In 2018, Fiduciary Trust Charitable plans to extend its donor-advised fund offering to other public charities. The program will enable educational, community service and other IRS-qualified charitable organizations to establish private-label donor-advised fund programs for their donors, with favorable terms for the donors and co-sponsoring charities.
About Fiduciary Trust Charitable
Established in 1990, Fiduciary Trust Charitable is an independent, 501(c)(3) public charity offering donor-advised funds and related services to high-net-worth donors. The organization partners with independent financial advisors who manage assets for each donor, taking into account donor recommendations and Fiduciary Trust Charitable’s investment policy. This enables a more customized investment management approach and personalized service, relative to many other donor-advised fund programs. The organization will soon offer private label and co-branded donor-advised fund programs for other public charities as well.
For additional information about Fiduciary Trust Charitable’s services, please visit www.FTCharitable.org or contact Todd H. Eckler, Executive Director, at 617-574-3425.
About Fiduciary Trust Company
Fiduciary Trust Company is a privately owned wealth management firm focused on families, individuals and non-profits seeking objective expertise to grow and protect their investments. The firm also provides a range of services to over 100 professional financial advisors and single family offices. Fiduciary Trust Company’s capabilities include customized wealth planning, investment management, trust and estate services, and family office and custody services.
Fiduciary Trust Company takes a personal approach based on expertise, strong performance and a genuine commitment to act in its clients’ best interests. The firm’s unique, private ownership and unconflicted investment approach align its interests with clients’ and provide the stability and permanence its clients seek. This commitment to clients has enabled the firm to achieve a 98% average annual client retention rate for over a decade.
For additional information about Fiduciary Trust’s services, please visit www.fiduciary-trust.com, or contact Randy Kinard at 617-574-3432.
Emily Stoermer, 617-391-0801