Becoming a partner with the Community Foundation for Ocala/Marion County brings a powerful philanthropic edge to your range of services, therefore adding strength to your client-advisor relationships. Our connection to community nonprofits opens a wealth of possibilities for charitable giving, and our personal, impact-oriented approach will cater to your clients’ specific needs.
Helping You Help Your Clients
Support: Our goal is to work through you. With your established client relationships, you stay in control. We are just here to support.
Relationship: Our involvement only enhances your relationship. Your clients will appreciate their impact on our community, as well as the tax advantages they achieve through our partnership.
Flexibility: Personalized charitable plans give your client the flexibility to achieve their charitable desires. By utilizing one or multiple of our fund types, a customized plan makes their philanthropic dreams a reality.
What is a Community Foundation?
A community foundation is a tax exempt, nonprofit, publicly supported organization that empowers donors to strengthen their community, one passion at a time. The common mission of every community foundation is to enhance the quality of life in the local area. Building permanent endowment funds and using a portion of the annual income, community foundations support a variety of local nonprofits through grants and special projects.
Starting the conversation about charitable and community giving may be as easy as listening for the right opportunities. Are your clients talking about:
Birth of a child or grandchild
Honoring a loved one
Preserving an estate
Sale of a business
Sale of real estate
Year-end tax planning
Passion for a particular cause
Simply starting the conversation may open up a wealth of ideas for how you can help your client make a lasting impact on the community and the causes they love.
When We Can Help
Contact the Community Foundation for Ocala/Marion County if you have clients like these:
Your client has no dependents or has independent children and wishes to only pass a portion of their estate on to family.
Your client wants to establish a scholarship fund.
Your client desires to leave a lasting legacy and is considering a private family foundation but would like to avoid the costs and complexity of managing one.
Your client’s existing private foundation needs to meet their annual payout requirements.
Your client wants to avoid paying capital gains tax on the selling of an appreciated asset, like a stock or real estate, and would like to benefit a charity or cause in the community.
Your client has an exceptionally profitable year and would like to fund future charitable endeavors but receive income tax deductions for the current year.
Your client is selling business assets or in the process of creating a business succession plan.
Your client desires a permanent memorial to honor someone special.
Your client is establishing a Charitable Remainder Trust or Charitable Lead Trust and needs options for the nonprofit beneficiary.
Your client has existing relationships with a nonprofit, church or other cause and is interested in financially supporting that cause.
Giving Options for Your Clients
The Community Foundation ethically and effectively manages assets to allow for maximum growth of funds. Donors and agencies receive a monthly fund statement to ensure transparency and accountability. The Foundation board oversees the portfolio of investments that are balanced to achieve growth while ensuring the safety of investments. These investments are managed to support a variety of funds.
AGENCY ENDOWMENT FUNDS – Agency pulls from the earnings each year as the fund continues to grow
AGENCY PASS-THRU FUNDS – A portion of an endowed corpus is used for a capital expense or program development
DESIGNATED AGENCY FUNDS – A fund created to encourage on-going philanthropic support for a particular agency
DONOR ADVISED FUNDS – A fund established to grant support to organizations based on a donor’s wishes
ENDOWMENTS – A fund established to grant support from earnings based on a donor’s specific wishes