As a professional advisor, you know that much of your clients’ wealth is held in non-cash (complex) assets such as restricted stock, privately held stock or limited partnerships. When these holdings are 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—a smart approach that benefits you, your clients and the important causes they care about.
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.
The Boston Foundation offers direct access to our highly experienced non-cash assets gifts teamexperts. 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.
Quick, easy access: You will have access to our senior-level staff, who have decades of experience handling gifts of non-cash assets.
No complications: The Foundation handles compliance with IRS rules with due diligence and arranges for the sale of non-cash assets, freeing you and your clients from the administrative and legal burdens. In the case of all assets that are not cash or marketable securities, your client will need to provide a Form 8283 (non-cash charitable contributions report) for execution by the Foundation. Generally, your client is responsible for a gift appraisal, which the Foundation will use for valuation purposes.
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 understand the relationships that you have built with your clients and work alongside you to maintain a high-level of custom service.
Note: The Boston Foundation is not a licensed tax advisor. Donors should work with their financial, tax or legal professional to determine the best charitable giving strategy for their needs.
Formerly a partner with KPMG LLP, where he led the information technology audit practice and the KPMG banking and finance practice in New England, Al oversees all financial reporting, information technology and operational risk management for the Boston Foundation.
With over 30 years of experience in the investment field, George handles our $1 billion dollar portfolio that offers top quality asset managers and returns—with a performance that is competitive with the best portfolio managers available.
Mike is the Foundation's outside counsel. He acts on a wide range of charitable and other nonprofit entities and those who support them, and directs Nixon Peabody’s focus on exempt organizations.
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Kate has been with the Boston Foundation for 18 years. In her capacity, she directs all of our development efforts and works with donors to help them achieve their charitable and philanthropic goals.
Email Vice President & Chief Philanthropy Officer Kate Guedj or call her at 617-338-2670.
The Boston Foundation is expert at turning non-cash assets into charitable gifts, offering direct and easy access to our senior level Non-Cash Assets Team. We can help you donate securities, limited partnerships, real estate, insurance and more to meet your philanthropic goals.
| STEP 1: Gather Information |
STEP 2: Receive Preliminary Confirmation |
STEP 3: Sign the Agreement and Transfer Asset(s) |
STEP 4 Sell the Asset(s) |
|
You identify asset(s) to contribute |
Our Non-Cash Assets Team reviews the asset ↓ |
If you want to set up a Donor Advised Fund with the asset(s), you complete a Fund Agreement and in some cases a Gift Agreement |
TBF sells the asset(s) in accordance with an agreed upon schedule ↓ |
| You contact the Boston Foundation (TBF) ↓ |
We give you preliminary confirmation and work with you to move forward |
We take care of the paperwork and send you all the tax documentation you need ↓ |
Your individual Donor Services Relationship Manager can then help you use your gift to meet your philanthropic goals |
| We ask you basic questions to begin the process |
You transfer ownership of the asset(s) to TBF in accordance with the agreement(s) | ||
Email Vice President & Chief Philanthropy Officer Kate Guedj or call 617-338-2670 to discuss the assets you would like to transfer.