EBCF Philanthropic ServicesPresented to EPC Diablo Valley
Nicole Taylor, President & CEONovember 16, 2011
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 Informationwww.eastbaycf.org
Giles Miller, Director of [email protected]
(510) 836-3223
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