When it comes to charitable giving, we help you help your client.
As the easy and simple alternative to the costs and burdens of establishing and managing a private foundation, we have the expertise and resources to provide you and your client with different giving options and vehicles, with a broad range of strategic consultation and services on grantmaking, and with all the administrative and technical support that goes with it.
We can help you help your clients give smartly to provide for the needs and causes they care about as part of their overall financial planning.
We can help you help your clients create a rich charitable legacy in their estate plan.
We work with estate attorneys, financial advisors, tax accountants, and other professional advisors to help them comfortably move their clients into philanthropy – and to ensure clients get the results they want and need from their charitable giving.
We draw upon the expertise of our “Professional Advisor Committee,” a panel of top estate, financial and tax-planning professionals that meets with us regularly as a sounding board for our marketing and service strategies.
We ensure we provide the highest level of service — for you and your clients — through consistent involvement with the Association for Fundraising Professionals, Northern California Planned Giving Council, Estate Planning Council of Southern Alameda, Tri-Valley Estate Planning Council, Estate Planning Council of Diablo Valley, the East Bay Estate Planning Council, and similar professional organizations
Frequently Asked Questions
Why should my client establish a fund with the East Bay Community Foundation?
As the easy and simple alternative to the costs and burdens of establishing and managing a private foundation, we have the expertise and resources to provide you and your client with different giving options and vehicles, with a broad range of philanthropic consultation and services on grantmaking, along with the administrative support that goes with it.
A charitable fund at the East Bay Community Foundation carries tax and administrative advantages not enjoyed by setting up your own private foundation. For more information on the advantages of a community foundation, click here.
Financial services firms also offer charitable funds. How is working with you different?
We not only invest the funds and provide administrative services. We also provide strategic philanthropic consulting based on our knowledge and expertise of community needs and programs that achieve results filling those needs. That kind of consulting is not widely offered by financial services firms.
What does my client have to do in order to work with you and open a charitable fund at the Foundation?
The process can be brief or lengthy, depending on the needs and desires of your client. The formal contract is about a five-page written agreement, in which your client specifies the name of the fund, the identify of the person who will work with us, the charitable goals of the fund, how the money should be invested (we provide five investment options depending on the fund holder’s grantmaking horizon), and a few other details.
Some of our fund holders who have clear and definite intentions have established the agreement very quickly, even through an email process. Most have wanted discussion with our highly skilled staff, providing advice and counsel to help clarify their intentions.
For more information on establishing a fund, click here.
What costs and fees are involved?
Typically, the administrative fee on our donor advised fund is 1.25% annually based on the average daily balance of the fund, but the administrative fee on very large donor advised fund is graduated down. There is a minimum balance of $10,000 required to establish a donor advised fund. The fee helps offset the costs of providing administrative services to our fund holders and helps to support the Foundation’s program work helping people get good jobs and the education leading to those jobs.
Do you charge advisors like me a fee as well?
No. We view working with professional advisors as part of our responsibility to broaden philanthropy.
Are there any advantages for me personally in having my client work with you?
When clients come to you with questions on charitable giving and philanthropy, we provide you the answers. We help you satisfy your client’s needs. You also have the advantage of working with our network of advisors on a range of issues. For example, we have a “Professional Advisors Committee” consulting with us regularly and providing topical information for our “Giving Advice” e-newsletter for advisors.
Do you manage the investments of all of your charitable funds or is there a way in which my client can work with you and I can still manage the investments in the fund?
The investments of a few of our funds are managed by the fund holder’s professional advisor. We have written policies that pertain to the individual vetting process required by Investment Committee of our Board of Directors. We make these exceptions for funds amounting to $5 million or more. We are always interested in discussing your individual case. .
What kind of assets can my client contribute to a charitable fund at the East Bay Community Foundation?
Your client can contribute cash, stock, mutual fund shares, restricted stock, real property, life insurance policies and other assets.
What kinds of funds or vehicles for charitable giving do you offer?
We offer at least seven different vehicles and can help you and your client select the one that best suits your client’s objectives and desired level of involvement in the actual grantmaking. See more here.
Do you work with families where more than one family member is involved with philanthropy?
Yes, we work with a number of families where more than one family member is involved. Learn more here.
Do you have any women fund holders you assist with their philanthropy?
Yes we do. To see more, click here.
For More Information
To learn more about how we can help you help your clients, please contact Ed Harris, Controller, at 510.836.3223, or at firstname.lastname@example.org