Professional Advisor FAQs

Developing a charitable plan that takes into account your client's financial and charitable needs is no small task. As a professional advisor, helping your clients achieve their philanthropic goals is both a privilege and a challenge. CFWNC is a resource for you and a philanthropic partner for your clients.

FAQs

Why should I refer my clients to The Community Foundation?

When you partner with us to serve your clients’ charitable needs, you are connecting your client to customized giving solutions, tax-wise financial strategies and deep expertise in philanthropy, delivered with professionalism and integrity.

How much does it cost to establish a fund?

Most funds can be established with a $10,000 minimum gift. Additional gifts can be made in any amount. There are no set-up costs.

What about clients who don't plan to give until they die?

Clients who plan to give from their estate can designate The Community Foundation to receive assets under their will, trust or by beneficiary designation without making a current gift. We will help them create a fund agreement specifying their charitable wishes. Donors can amend their agreement at any time without needing to update their legal documents.

What assets can my client give?

A fund can be established or added to with almost any type of asset. Community Foundation staff is experienced at evaluating unusual assets and offering strategies for turning them into charitable resources.

How long does it take to establish a fund?

Most funds are created with a simple governing document that requires just one conversation between your client and the Foundation’s staff, but we spend whatever time is needed to understand your client’s situation and intent.

Is there an administrative fee?

Any fund with assets is assessed a 1% to 3% annual administrative fee on a quarterly basis.

Are there investment options?

Yes! The Community Foundation offers several portfolios so clients can align their charitable investments with their preferred investment style and social values. CFWNC also has relationships with many of the region’s wealth management firms so clients can continue to rely on a trusted advisor for investment of charitable assets.

What if my client wants a private foundation?

Establishing a charitable fund might offer advantages over creating a private foundation. We are glad to help clients compare their options.

Can you come to my office to meet with my client or make a presentation to colleagues?

Of course! Please email or call the Community Foundation at 828-254-4960 to schedule.

Investments and Financial Information

An annual professional seminar with continuing education credit, informal "lunch and learns" and an e-newsletter exclusively for professional advisors keep you informed and connected.