Advisor Toolkit

For clients that are contemplating the sale of business and would like to make an impact on the cause(s) they care about, you can help them leverage a potential future liquidity event with advance planning. When done correctly, your clients can give part of all of a closely held business to a fund at Gulf Coast Community Foundation, be eligible for a charitable deduction for the fair market value of the donated interest and avoid paying capital gains taxes on the appreciation of the donated portion. The key is to evaluate this option before a seller is identified and approaching the goal through a  thoughtful, multi-step process. Please reach out to the team at Gulf Coast to discuss how we can help your business owner clients who intend to maximize their future ability to support the charities they love.

When your clients think about the assets they have available to contribute to charity, they often look first to their bank or investment accounts.  But what if they have an asset that they no longer need? If you clients purchased a life insurance policy to help protect their children but not have put their children through college and paid off their mortgages, they may not need their policy any longer.  By naming Gulf Coast as the beneficiary of their policy or transferring ownership of an existing, each with varying tax benefits for each option, your clients may be pleasantly surprised to learn that they can afford to make larger gifts than they thought.

For the clients who have had a private foundation and enjoyed the impact they have had, but feel the burden of the administrative and compliance responsibilities, in addition to the expenses that go along with running one, we may have a solution. Your client can establish a Donor Advised Fund, Field of Interest or other fund at Gulf Coast, with their same charitable objectives in mind, and less of the hassle.  What’s involved? It’s a straightforward process and customized to their needs. Work with one of our advisors to create and name a fund that has the impact they want, make a grant to their fund at Gulf Coast and then dissolve the foundation.

Your client can become a philanthropist with a gift that is planned today and realized after their lifetime.  Creating or updating a will can be one of the most important tasks your clients can do to ensure the people and causes they care about are taken care of through their decision making, instead of a state statue making the decision regarding their hard-earned assets. There are several smart planning tools that can be used in estate planning to ensure inheritors are prepared for their inheritance that can also have a charitable impact.  Ask us today about the options.

Flexibility & Ease.

Well-suited for individuals and families who value flexibility, choice, and convenience. Receive an immediate tax benefit for your gift, then recommend grants to your favorite charities anywhere, anytime.

Invest in the Future.

Ensure the causes most important to you today will be provided for tomorrow. Over time, your endowment will grow through investments while it also creates generational impact for the organizations or causes you care about.

Supporting Organizations You Care About.

Reliable support for your favorite organizations. Select the specific charities that you would like to benefit, and Gulf Coast will issue grants from your fund every year, in your name. A great place for qualified charitable distributions from your IRA.

Empower the Next Generation.

Help aspiring students realize their dreams of education. Your scholarship fund can focus on a particular field of study, school, or community, or benefit students with the greatest need.

Supporting Causes You Care About. 

Choose the cause or focus area you would like to support (the arts, children, education—you name it), then let Gulf Coast’s staff carefully identify the best charities and initiatives to receive grants.

Your Priorities are Our Priorities.

Affordable Housing
Water Quality & Access to Green Spaces
Mental Health