When non-cash (complex) assets are properly transferred to a fund at the Boston Foundation, they can be sold without incurring capital gains taxes and the proceeds can be given to charity. As a professional advisor, you know that much of your clients’ wealth is in holdings such as appreciated securities, privately held stock or limited partnerships.
A non-cash transaction with the Boston Foundation is a smart approach that benefits you, your clients and the causes they care about and assures that you and your clients will be supported throughout the entire giving process.
The Boston Foundation offers direct access to our highly experienced Non-Cash Assets Team. No bureaucracy. No waiting for approvals from management. Instead, from your initial inquiry, you will work with our most senior staff and receive thoughtful, meticulous, personalized service. We stand ready to provide philanthropic support to you and your clients after the transaction to ensure that your clients’ goals are achieved.
As one of the nation’s oldest and largest community foundations, with more than $1 billion in philanthropic assets under management, the Boston Foundation has a long history of partnering with financial, legal, wealth and other advisors to achieve their clients’ charitable goals. We provide additional support to your work and are able to provide philanthropic tools and guidance. We understand the relationships that you have built with your clients and work alongside you to maintain a high level of customized service.
Note: The Boston Foundation and its staff do not provide legal, tax, or financial advice. Donors should seek their own legal, tax and financial advice in connection with gift and planning matters.
Email Emma B. Penick, MBA, Senior Director of Gift Planning and Advisor Relations or call her at 617-338-2340.
Email Emma B. Penick, MBA, Senior Director of Gift Planning and Advisor Relations or call her at 617-338-2340.