For clients who love local causes, Akron Community Foundation is the place
Most of your philanthropic clients support a wide variety of charities year after year. The causes they support represent a range of motivations, including personal experience, a role as a volunteer or board member, family tradition, or alignment with values and community priorities.
Many of the charitable organizations your clients support are local. That's important to note because it means that your clients are especially well-positioned to lean into Akron Community Foundation's unique position as the hub for charitable giving and local knowledge. Here are three reasons that matters:
- Clients can tap into the team's knowledge about specific organizations, including financial information, data about the impact of a charity's programs, and observations of an organization's areas of greatest need.
- Clients can choose from a variety of fund types depending on what they'd like to achieve. A designated fund, for example, allows your client to set aside tax-deductible dollars that are dedicated to supporting up to five specific organizations. Through the community foundation's services, funds are distributed over time to the selected charities while the assets remaining in the fund are protected from the charities' creditors. Another example is a board discretionary fund, which leverages the community foundation's extensive research about the needs of the community and the nonprofit programs that are addressing those needs.
- Clients can work with the community foundation to leave a bequest to an endowment fund to support community needs for generations to come. As a permanent endowment, Akron Community Foundation ensures that charitable giving stays strong in our region to address important needs as they evolve over time.
Of course, if your client establishes a donor-advised fund at Akron Community Foundation, their fund can support local causes as well as causes across the country. As the hub for your clients' charitable giving, our tools and our team are dedicated to helping your clients achieve their charitable goals both near and far. Working with your local community foundation, no matter what a particular client's charitable priorities may be, is itself a strong show of support for philanthropy right here in our community.
For more information about how we can help you serve your philanthropic clients, contact Laura Lederer. We're always available to answer your questions about philanthropy or to schedule a personal consultation with you and your clients – all at no cost.
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This content is provided for informational purposes only. It is not intended as legal, accounting, or financial planning advice.