Tools for Advisors
We offer professional advisors a range of tools that equip you with essential resources and materials to enhance your clients’ charitable giving experience.
The Power of an Endowed Fund
Gifts to establish charitable funds are invested over time. A percentage of each fund’s value is used annually to make grants to nonprofits while preserving the original gift. This means a charitable gift made today as a permanent endowment can grow in pace with inflation and provide consistent community support in perpetuity.
For example, a fund established with a $50,000 gift can grow exponentially assuming a 4 percent annual spending rate and a 7 percent rate of return. By year 25, the endowment’s value could grow to more than $86,000 and have already granted $63,643 to the community. By year 50, those numbers could grow to an endowment value of $150,000 and more than $170,000 in grants awarded!
“Working with the Community Foundations of the Hudson Valley is always easy. The staff has helped many clients establish funds to carry out their charitable giving.”
Melissa Manna-Williams, Esq., Partner
Cohen, Soloway & Wooldridge, PC.
Financial Advisors Program
Our Financial Advisors Program allows donors to recommend a financial advisor or firm to invest charitable funds created at CFHV and manage them outside our primary investment pools. This option allows you to add value to your investment services and client relationships by offering philanthropic services that utilize our expertise. This program is open to donor funds with minimum balances of $500,000.
Financial Information
Stewardship of the assets under our management is one of our most important responsibilities. Donors place trust in us based on our ability to invest resources prudently, and to use the income produced in accordance with their charitable wishes, both for today and into the future.
Bequest Language for Wills and Trusts
If your client would like to name Community Foundations of the Hudson Valley (CFHV) as the recipient of a gift from a will or trust, or through beneficiary designation, you may use this suggested language for your legacy gift: “I give, devise, and bequeath [an amount, a percentage, or the rest and residue of your estate] to the Community Foundations of the Hudson Valley, a New York nonprofit corporation (Tax ID #23-7026859). This gift will be used to establish [name of fund] OR add to [name of fund].”
Gifts of Stock
When your clients make a stock gift, we must be notified to manage the transfer appropriately. We will need to know when the stock transfer will be in process, the name and number of shares, and the fund to which the shares should be credited. Contact Serena Marrero or 845-452-3077 ext. 1017 with questions and more contact details.
Legacy Fund Instructions
If your client plans to make a gift through their financial or estate plan, you may complete this form to designate how they would like the Community Foundation to use the charitable fund. Please contact Serena Marrero Phone: 845-452-3077 ext. 1017 so we can customize a charitable legacy plan specific to their intentions.
Fees and Service
We handle the managerial tasks of each fund — investment administration, tax receipts, and grants management – all for a nominal support fee. Fundholders can rest assured these fees are used for good as they support CFHV in community grantmaking, community assessments, nonprofit training, and the promotion of charitable giving that ultimately transforms the communities we call home.
