Professional Advisor Network

As an attorney, wealth manager, accountant or other trusted advisor, you are one of the most important people that we work with to make our region a better place to live, work and play.

Our Professional Advisor Network brings together like-minded individuals for learning, to promote philanthropy in our region and help clients achieve their philanthropic goals. Together, you and your colleagues assist with more than 80% of the gifts received by community foundations nationwide.

Annually, the Bank of America study of high-net worth individuals shows that this group of wealthy people want to talk with you about their philanthropy. They want to make an impact. That is where Sumter Sunshine Community Foundation comes in. We work with you to strengthen your client relationships and to help your clients achieve their charitable goals.

This section of our website provides you with resources and tools that you can use to incorporate philanthropy into your client conversations. We're here whenever we can be helpful to you and your clients.

Call Ellen Didion, Vice President for Development, at 352.409.5761.

Advisor Resources

Good For You

As a member of our Professional Advisor Network you will have access to:

• At least two educational opportunities per year
• Networking opportunities with top wealth managers, investment advisors, accountants and attorneys
• The most timely rulings and updates in the field
• Careful analysis written by national experts
• Referral services: 80% of your clients expect to talk about philanthropy according to a Bank of America study
• The resources that will assist you in creating an enduring legacy for your clients through funds that fulfill their charitable wishes

Good For Your Clients

As a professional advisor, the opportunity to help your clients achieve their philanthropic goals is both a privilege and a challenge. Here at Sumter Sunshine Community Foundation our experienced staff is ready to help you and your clients to ensure philanthropic success. Here are a few reasons why Sumter Sunshine Community Foundation may be a good fit for your clients:

• Support multiple charities — locally or nationally
• Create an enduring legacy
• Sophisticated strategies tailored to your clients needs
• Receive expertise on community issues and organizations
• Receive the maximum tax advantages allowed by law

• Your client has passion and ideas and your advice, Sumter Sunshine Community Foundation provides the expertise and infrastructure.

Keep the Business

Just because your clients have a Fund at Sumter Sunshine Community Foundation does not mean that you lose the relationship…or your book of business. Your clients are able to establish their own foundation at Sumter Sunshine Community Foundation while keeping the assets under management with you.

Maintain asset management – you continue to earn your fee on your client’s charitable assets after the gift is made.

Increased value to your clients – surveys show that wealthy donors want their managers to discuss charitable giving with them and connect them with trusted and proven resources. And, more than 70 percent of wealth managers say they want more help with charitable planning. The Miami Foundation provides you with in-depth experience to benefit your clients and deepen your client relationships.

You’ll be in good company – working with the Foundation can bring you in contact with community leaders and other professional advisors interested in improving our community.

Customized client services – each client receives a quarterly check-up with you and the Foundation to evaluate investment performance, grant distributions, and progress on their giving plan. You can also schedule an annual exclusive client and/or prospect event such as a family philanthropy educational activity or site visit to a nonprofit.

Advisor services – at your request, the Foundation will provide customized training for your firm’s staff on community needs and issues and on tools to more fluidly incorporate charitable giving in their clients’.

We have an informative 10 minute presentation we'd be happy to share with you and your team. To schedule, call Ellen Didion at 352-409-5761 or email: ellen@sumterfoundation.org

 

Advisor Resources

We have a complete tax update service for CPAs, attorneys, CLUs, CFPs, ChFCs, trust officers and other professional friends. The GiftLaw services are made available to all advisors as a free service. We are available to assist in helping you provide clients with clear and understandable gift illustrations.   More

Charitable Tax Reference

GiftLaw Pro is a complete charitable giving and tax information service inside the GiftLaw website...
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Deduction Calculator

The GiftLaw Calculator is a planned gifts calculator for professionals that follows the IRS format. Run charitable deduction calculations for your favorite gift plan...
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How To Give

Giving to our cause can be done either directly or through a gift model that can provide tax benefits and even income. Click on a gift model below to learn more.

Bequest
You designate our organization as the beneficiary of your asset by will, trust or other instrument.
Benefits of Your Bequest

• Receive estate tax charitable deduction.
• Lessen the burden of taxes on your family.
• Leave a lasting legacy.

How Do You Make a Bequest?

A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift to be made to family, friends or a charity as part of your estate plan.

Click Here to review sample bequest language.

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Charitable Gift Annuity
You transfer your cash or appreciated property to our organization in exchange for our promise to pay you fixed income (with rates based on your age) for the rest of your life.
How it Works

A charitable gift annuity is a contract between you and our organization.

1. You transfer property to us. In exchange we pay you fixed income for life.
2. The fixed income can be quite high depending on your age.
3. A portion of your income stream may even be tax-free. You will receive a charitable deduction for your gift and the satisfaction of furthering our mission.

Types of Assets You May Give

• If you decide to fund your gift annuity with cash, a significant portion of the annuity income will be tax-free.
• You may make a gift of your appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.

Start Receiving Payments Now with a Current Gift Annuity

If you desire current income, you may transfer property in exchange for our promise to pay you fixed income beginning as early as this year. You will receive a current income tax charitable deduction for the value of your gift to our organization.

Deferred Gift Annuity for Income at Future Date

Perhaps you are not ready to begin receiving income until a future date, such as when you retire. You can establish a deferred gift annuity, receive a current charitable income tax deduction and receive payments at a designated future time. Best of all, because you deferred your payments, your annual payment will be higher than with a current annuity. Contact us about flexible date options for your future income.

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Charitable Unitrust
You transfer your cash or appreciated property to fund a charitable trust. The trust sells your property tax free and provides you with income for life or a term of years.
Benefits of a Charitable Remainder Unitrust Gift

• Income for life, lives, or term of years
• Avoid capital gains on the sale of your appreciated assets
• Charitable income tax deduction for remainder portion of your gift
• Future legacy gift to our organization

Charitable Remainder Unitrust for Income

A charitable remainder unitrust pays you income that reflects trust investments. There is the potential that your income could increase over time with growth in the trust.

How to Select the Right Unitrust Payout for You

There are several unitrust payout options to meet your needs:

• The standard unitrust pays out a percentage of the trust assets each year
• Another payout option used commonly for real estate permits the trust to sell the property tax-free and then begin paying you income after the property has been sold

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Charitable Annuity Trust
You transfer your cash or appreciated property to fund a charitable trust. The trust sells your property tax free and provides you with fixed income for life or a term of years.
Benefits of a Trust Gift

• Fixed income for life, lives or term of years
• Capital gains tax avoid on the sale of your appreciated assets
• Charitable income tax deduction for a portion of your gift

Charitable Remainder Annuity Trust for Fixed Income

If you are tired of riding the fluctuating stock market and want a fixed income, a charitable remainder annuity trust may provide you with the stability you desire. A charitable remainder annuity trust pays out a fixed amount each year based on the value of the property at the time it is gifted.

 

Charitable Lead Trust
You transfer your cash or property to fund a lead trust that makes gifts to us for a number of years. You receive a charitable deduction for the gift. Your family receives the remainder at substantial tax savings.
How it Works

1. You make a contribution of your property to fund a trust that pays our organization income for a number of years.
2. You receive a gift or estate tax deduction at the time of your gift.
3. After a period of time, your family receives the trust assets plus any additional growth in value.

Zero Tax Plan

It is even possible to set up a lead trust that will allow you to transfer assets to your family with zero transfer taxes. The IRS assumes that a lead trust is only earning at the current low federal rate. If the actual investments of the trust produce a higher return than the payments made to charity over the term of the trust, then the full value of the trust may be transferred to family with zero gift tax.

FLP/Lead Trust Plan

To discount your gift to family even more, you may consider first transferring your real estate or other assets into a family limited partnership (FLP) which will fund your lead trust. The combination of the FLP, the lead trust and a gift exemption can permit the lead trust to pay income to us for a number of years and potentially transfer substantial assets tax-free to your family.

Increasing Payment Lead Trust

With increased volatility in the stock market you may also want to consider creating a lead trust that makes fixed payments of increasing amounts to us over time. Because the payments to us are fixed, your family ultimately benefits from any growth in the trust. Low payouts in early years allows the trust to grow, thus allowing protection should the economy produce below-average returns in the future.

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Sale and Unitrust
If you give a portion of your property to us to fund a charitable remainder trust, when the entire property sells you receive cash and income for life.
How a Sale and Unitrust Works

1. You give a portion of your asset.
2. The asset is sold, you receive cash and the rest goes to fund your charitable trust.
3. The trust will provide you with income for the rest of your life.
4. You receive a charitable deduction this year to offset your tax on the sale.

Benefits of a Sale and Unitrust

• You get the cash you need to purchase another residence, travel or meet your daily needs.
• The unitrust provides you with income for the rest of your life and future retirement.
• The unitrust deduction gives you valuable tax savings that may reduce your tax bill this year.
• When you pass away, the remaining value in the unitrust will help us further our work.

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Bargain Sale
We purchase your property for less than fair market value. You receive the cash and a charitable deduction for the difference between the market value and purchase price.
How a Bargain Sale Works

1. You sell us your property for a price less than fair market value.
2. You receive the cash from the sale and a charitable deduction for your gift to us (the difference between the market value and purchase price).
3. While you may owe some tax on the amount you receive from us, the charitable deduction from your gift could offset your taxes this year.

Benefits of a Bargain Sale

If you are considering selling your property, a bargain sale will help you meet all of your goals.

• Avoid capital gains tax on your charitable gift.
• The deduction from your gift will give you valuable tax savings that may reduce your tax bill this year.
• With the cash received from the sale, you may then reinvest to create more income for your future.
• Best of all, your gift will help us further our work.

 

Give it Twice Trust
You may be looking for a way to provide your children with income while making a gift to charity. The Give it Twice Trust is a popular option that allows you to transfer your IRA at death to a term of years unitrust.
Benefits of a Give it Twice Trust – Helping Children and Charity

• Full value of IRA invested to produce income.
• Payments made to children for a term of years.
• Estate tax deduction and savings for your gift.
• Supports our Charity's work.

How this Plan Meets Your Goals

The Give it Twice Trust helps you meet your goals

• Save on income and estate taxes.
• Treat your children equally.
• Give children time to learn.

 

Life Estate Reserved
You may desire to leave your home or farm to us at your death, but would like to receive a current charitable tax deduction. A life estate reserved might offer the solution you need!
How a Life Estate Works

You can deed your home or farm to us but keep the right to use the property for the rest of your life. You will be able to make a current gift to us and maintain use of your home or farm. Benefits of a Life Estate Reserved

1. You receive a current federal income tax deduction for the present value of the remainder interest in your home or farm.
2. You preserve your lifetime use and are able to use and control the home or farm while you are alive.

Life Estate Details

• The life estate can last for your life or your life and another person's life.
• It is possible for you to make a gift of your property even though there is a mortgage upon the residence.
• You will be responsible for the maintenance, insurance and taxes on the property.