October 22, 2017

PROFESSIONAL ADVISORS

WHAT ADVISORS NEED TO KNOW

Philanthropy isn't what it used to be. Since 2000, the field of charitable giving has changed profoundly. During this time, a network of organizations with several decades of experience has come of age, engineering many of the recent developments in the field of giving. These organizations are called community foundations and they are playing an increasing prominent role in the relationship between professional advisors and their clients, especially in California.

We often hear professional advisors say that their clients are interested in establishing a private foundation. Instead of setting up their own foundation, consideration should be given to the many advantages of establishing a fund at the Solano Community Foundation  Please browse our "Advisors Tools & Resources" webpage for helpful tools and ideas useful for you and your clients.

Community foundations are nonprofit organizations established to meet the current and future needs of our local communities. We are also a trusted and valuable resource to individuals, families and their professional advisors.There are over 750 community foundations in the United States. They make up one of the fastest growing sectors of philanthropy in the nation today. Collectively, they hold almost $50 billion in assets and make over $4 billion annually in local grants. Last year they received an estimated $4.0 billion in gifts - including real estate, closely held stock and artwork. Community foundations range in asset size from $4.2 billion to some with $100,000 or less.