ebcf philanthropic services presented to epc diablo valley nicole taylor, president & ceo...
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EBCF Philanthropic ServicesPresented to EPC Diablo Valley
Nicole Taylor, President & CEONovember 16, 2011
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Community Foundation Legacy
• In 2012, will celebrate 100 years of community trusts/foundations in US
• EBCF is the oldest California community foundation founded in 1928
• Primary role is to strengthen communities via grant making AND working with constituents in providing philanthropic advice and services.
• Bay Area has 4 large and 6-8 smaller CFs and they do overlap their service areas
• Most CFs have a variety of fund types
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EBCF Development/Philanthropic Services
We group our clients into a few scenarios:
• Wealth Incident / Healthy Business
• Planned Gifts / Testamentary Funds
• Multi-Generational Family Philanthropy
We offer several ways to organize philanthropy:
• Supporting Organizations
• Donor Advised Funds, B of A Merrill Lynch DAFs
• Field of Interest Funds
• Agency Funds
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Wealth Incident / Healthy Business
• Types of Events Selling a business Appreciated stock Business success leading to entre into
philanthropy Tax planning Inheriting wealth
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Planned Gifts / Testamentary Funds
• Long term tax planning (CRT, CLT, bequests, …)
• Documentation of donor intent; with or without
successor advisors
• Initial contribution to set-up; small change fee in
future if interests change
• Perpetual or term charitable endowments
• Beneficiary of trusts
• Unrestricted gifts to support the work of EBCF
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Multi-Generational Family Philanthropy
• Vision and values facilitation
• Giving framework
• Formal giving plan
• Succession planning for family philanthropy
• Measuring success and impact
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Options for Organizing Philanthropy
• Supporting Organizations $5MM minimum Incorporated nonprofit with a board of directors Supports EBCF mission
• DAFs $10,000 minimum to open Broad or specific purpose, common entry to philanthropy Specific services for corporate/business clients
• BAML DAFs Collaboration with BAML and Community Foundations
nationwide $25,000 minimum to open
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Options for Organizing Philanthropy (con’t)
• Field of Interest (FOI) Funds
Multiple donors supporting defined cause
Managed by community foundation staff
Examples:
Asset Building Fund – Supports financial skill building for
families in our foreclosure pilot program
East Bay Fund for Artists - Supports commissioning of
new performance art by local artists• Agency Fund
Usually endowment building for nonprofits
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Private Foundation Services
• Philanthropic Advice and Services
Expertise establishing grantmaking programs, identifying
effective nonprofits, evaluating impact
Proposal-based projects
Leverage DAFs for 5% payout requirement
Leverage FOI funds/collaborations - network with other
foundations, education on key community issues
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THANK YOU!
For More Information
www.eastbaycf.org
Giles Miller, Director of [email protected]
(510) 836-3223
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