Leading Change. Transforming Communities.

Plan

Plan

ECCF invites professional advisors to partner with us to offer your clients a number of options to make their charitable giving easy and rewarding while supporting their financial planning goals.  ECCF willl provide a deep understanding of local needs and the nonprofit community to help donors with their grant making.  Here are ways ECCF can help you with your client’s charitable interests:

Open a Fund   +

ECCF manages over 150 charitable funds&emdash;providing expert investment management and guidance. Each fund is customized to suit your client's charitable intent. ECCF Funds support thousands of nonprofit programs and students in Essex County, as well as nationally and internationally. We are able to accept a wide range of gifts including closely held stock and real estate. ECCF offers personalized service from expert staff with in-depth knowledge about local nonprofits, issues and causes. Our fund holders are free from the administrative duties of their charitable giving and have 24/7 online access to their fund's assets, contributions and disbursements though Donor Central. Learn more about Opening a Fund.

Move a private foundation to ECCF   +

Donor advised funds are one of the more widely used family philanthropy vehicles in America outnumbering private foundations 2 to 1. Moving from a private or family foundation to a donor advised fund at ECCF allows your clients to continue their philanthropic giving, free from the administrative burdens, payout requirements and exposure that comes with having a private or family foundation.

Make a Planned Gift   +

We can help your client plan their legacy through a number of planned giving instruments.

A planned gift to the Foundation can offer lifetime income for your client or a named beneficiary, with significant estate and income tax savings. In addition, a planned gift can ensure that the causes they care about will be supported for generations to come.

We offer an array of tax-wise options that helps make a difference for generations. Planned gifts can be made with:

  • A bequest

    A Charitable Bequest is an easy way for your client to make a lasting gift to their community. A retirement plan account is a simple but effective tax-efficient asset to give in a will, because heirs would otherwise be taxed on the income in Respect of the Descendent (IRD). Another option is to give a stated dollar amount, a specific property, a percentage of an estate, the remainder after distributions to other beneficiaries, or make a gift contingent on certain events.
  • Charitable Gift Annuity

    Giving through a Charitable Gift Annuity allows your client to arrange a generous gift to their community, while providing themselves steady income through fixed annuity payments for the rest of their lives.
  • Charitable Remainder Trust

    Giving through a Charitable Remainder Trust allows your client to receive income for the rest of their life, knowing that whatever remains will benefit their community. Assets are transferred into a trust, and the trust pays your client or a designated beneficiary regular income payments. Upon the beneficiary’s death or after a defined period of years, the remaining assets in the trust transfer to the Community Foundation. While similar to a Charitable Gift Annuity, a Charitable Remainder Trust provides more options in payout methods.
  • Charitable Lead Trust

    A Charitable Lead Trust enables you to support the Community Foundation's charitable work through the trust's lifetime.  When the trust expires, remaining assets are transferred to your client or their heirs, often with significant transfer-tax savings. Assets are transferred to the trust, the trust gives the Community Foundation an annual amount, and when the trust terminates, either upon your client's death or after a specified number of years, the final assets, including any growth, are transferred to your client's designated recipients.
  • Life Insurance

    A gift of life insurance provides a simple way for your client to give a significant gift to charity and establish their legacy, while enjoying tax benefits during their lifetime. A gift can be made when life insurance is no longer needed for personal financial wealth, either by gifting a paid-up policy or by continuing to pay premiums. A number of tax benefits can be received, including reduced estate and income taxes. If your client chooses to continue paying premiums through ECCF, they will be entitled to a charitable contributions deduction of up to 50% of their adjusted gross income.

Giving through any of the above vehicles creates a positive impact in the community and ensures that the donor receives maximum tax advantages. At any step along the way, we are here to help you and your clients in deciding the most effective approach for them.

To learn more, please contact Dave Edwards, President & CEO at 978 777-8876 x26 or d.edwards@eccf.org.

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