| Through
the Foundation, donors can create a personal philanthropic fund
that combines the personal recognition, continued involvement
and influence in grantmaking of a private foundation with the
tax advantages and ease of administration of a public charity.
Although
the Foundation is a public charity, it is unique in that it
supports the broadest array of charitable causes. Your clients
can support almost any charitable or philanthropic organization
or cause of their choice through the Foundation.
Donors
can participate in the grant making process if they wish.
They
can leave the decisions on grantmaking up to the Foundation
Board through an unrestricted
endowment, giving our current and future Boards maximum flexibility
to respond to the areas changing and emerging needs.
Or they
can establish endowments to meet their unique and specific
charitable interests through designated
or donor
advised funds.
Endowments
can be funded through charitable
gift annuities which pay a lifetime income
to the donor or donors beneficiary and result in a permanent
charitable gift at the donors or the donors beneficiarys
death.
The Foundation
also administers scholarship
funds and holds agency
endowments for the benefit
of other non-profit organizations.
We encourage
financial advisors to discuss with their clients the advantages
of using the Foundation. Many in this area have found it a
flexible and user-friendly tool to meet their unique objectives.
Especially during certain windows of opportunity such preparing
a will, planning for retirement, selling a business or other
major asset or at times of a financial windfall, the Foundation
can help maximize the personal benefits of giving.
Please
contact us (contact@lubbockareafoundation.org)if
you have any questions or comments about our work.
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