Plan

Plan

Your clients probably look to you, as a trusted professional advisor, for sound advice on many topics related to your particular field.  As you know, giving them good advice is not simply a matter of listening to what your clients say they want; just as often, it is about understanding what they have not said and asking questions they may not have considered.

When it comes to charitable giving, your clients probably think first in terms of tax deductions and cash flow issues.  Yet, there can be many other reasons to make a charitable gift and many other methods of gifting other than simply writing a check.  You may be the first to recognize a potential solution that allows your client to make a charitable gift that has a lasting impact on his or her community and, at the same time, avoids leaving his or her heirs a particular asset that would cause tax issues or other difficulties for them.  

As you think about whether East Tennessee Foundation could be the right entity to assist your client with their charitable efforts, ask yourself the following questions:
  1. Do I have clients who care deeply about their local community?
  2. Do they give to more than one charitable cause?
  3. Are they interested in creating a personal or family legacy in their community?
  4. Are they considering the creation of a private foundation, but have concern about the cost and administrative complexity?
  5. Would they like to stay personally involved in the use of their gift dollars?
  6. Do they want to receive the maximum tax benefit for their charitable contributions under federal law?
  7. Do they place a priority on sound financial management of their contributions?
If you answered “yes” to any of the above questions, your client would probably benefit from knowing more about East Tennessee Foundation.  We will be happy to help you make an introduction.  Please contact a member of our Advancement Staff.

To receive a copy of the Foundation's Asset Development Policy, please contact Sherri DeCosta Alley, J.D., Vice President for Advancement.