ebcf philanthropic services presented to epc diablo valley nicole taylor, president & ceo...

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EBCF Philanthropic Services Presented to EPC Diablo Valley Nicole Taylor, President & CEO November 16, 2011

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Page 1: EBCF Philanthropic Services Presented to EPC Diablo Valley Nicole Taylor, President & CEO November 16, 2011

EBCF Philanthropic ServicesPresented to EPC Diablo Valley

Nicole Taylor, President & CEONovember 16, 2011

Page 2: EBCF Philanthropic Services Presented to EPC Diablo Valley Nicole Taylor, President & CEO November 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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Page 3: EBCF Philanthropic Services Presented to EPC Diablo Valley Nicole Taylor, President & CEO November 16, 2011

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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Page 4: EBCF Philanthropic Services Presented to EPC Diablo Valley Nicole Taylor, President & CEO November 16, 2011

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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Page 5: EBCF Philanthropic Services Presented to EPC Diablo Valley Nicole Taylor, President & CEO November 16, 2011

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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Page 6: EBCF Philanthropic Services Presented to EPC Diablo Valley Nicole Taylor, President & CEO November 16, 2011

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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Page 7: EBCF Philanthropic Services Presented to EPC Diablo Valley Nicole Taylor, President & CEO November 16, 2011

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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Page 8: EBCF Philanthropic Services Presented to EPC Diablo Valley Nicole Taylor, President & CEO November 16, 2011

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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Page 9: EBCF Philanthropic Services Presented to EPC Diablo Valley Nicole Taylor, President & CEO November 16, 2011

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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Page 10: EBCF Philanthropic Services Presented to EPC Diablo Valley Nicole Taylor, President & CEO November 16, 2011

THANK YOU!

For More Information

www.eastbaycf.org

Giles Miller, Director of [email protected]

(510) 836-3223

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