Professional advisors are in a unique position to help increase the philanthropic resources of the community by working with the Illinois Prairie Community Foundation. Whether your clients are interested in tax advantages, building a family tradition of giving, or finding an effective alternative to a private foundation, we can help.
Through a variety of gift planning options, we can be a resource for you and your clients when developing bequests and Donor Advised Funds. IPCF makes good financial sense for your clients. Some of our advantages include:
- Substantial Tax Savings. Because our community foundation is a nonprofit, tax-exempt 501(c)(3) charitable organization, all gifts to it are tax deductible to the maximum extent allowed by law.
- Low Administrative Costs. As a public charity, IPCF is exempt from excise tax and is free of many of the administrative costs and restrictions placed on private foundations. Therefore, more of your clients’ dollars can be used to address charitable needs in the community.
- Professional Stewardship of Assets. Preserving and growing charitable dollars to meet the ever-changing needs of communities is our goal. A diversified investment portfolio that minimizes market risk, external audits, and independent counsel, are just some of the ways IPCF demonstrates the highest levels of professional financial stewardship.
- Permanent Support of Charitable Interests. IPCF provides a variety of fund options for donors. This is particularly appealing to donors who have many charitable interests, as well as those who wish to have varying degrees of involvement in making decisions about charitable contributions. Grants from funds at the Community Foundation can be made in the donor’s name, and multiple generations can be involved in the grant making process.
Consider IPCF an important resource that will work with you to develop recommendations for your clients.
For more information, contact us at (309) 662-4477.