Skip to main content

Scott Thomas, ChFC®, CAP®, CKA®, RICP®

Did You Know Your Charitable Structure Could Be Changed?

You set up a community foundation account years ago and the family moved and can rollover from one community foundation to another community foundation or a donor advised fund.  Or you set up and donor advised fund or multiple donor advised funds and now would like to consolidate or move to better service model or lower cost platform.  You can move a Donor Advised Fund to another Donor Advised Fund or roll to community foundation.  If you set up private foundation you usually can move to either community foundation or donor advised fund as well.  Sometimes the trustees set up control features to as they have captured the money as their own charging high fees forever as major revenue arm of the bank trust department.  Does not mean it could not be broken.  Our quick audit process we will review your private foundation’s documents to help you know your options as grantors or successors grantors. By the way, community foundations and donor advised funds cannot be rolled in private foundation.  Our quick audit is only $500 and performed by Chartered Advisor in Philanthropy.

 

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck