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Role of Professional Advisors 

When people want their money to work for them by investing and planning for the future, they turn to you to make that happen as professional advisors that guide their clients and help them make smart financial decisions.  

As a professional advisor, what options do you suggest when a client wants to invest in the community? There are many worthy projects and people that need funds to continue working in the community, but what if your client wants to invest in the community for the long term? That is where the Foundation comes in. We can help your client make a difference in Fayette County for years to come.   

The Foundation walks alongside our professional advisors and donors during the process to ensure that all the details are correct and the donor’s intent is honored. We know that expertise is found here in Fayette County, which is why we want to give our professional advisors the information they need to successfully help their clients create an endowment fund. 

We Can Be a Part of Your Financial Team 

The Foundation knows that you want to give your clients the best possible advice. Regarding giving in perpetuity, we can help your client with their charitable investment needs in Fayette County. It can be ideal to encourage your client to bring the Foundation alongside during their decision-making. We can help ensure that your client’s wishes are honored and that their impact will be remembered.   

We have a lot of information and details that can be helpful when your client is looking to impact the community today or in their will. Bringing the Foundation on board ensures that everything goes smoothly. The Foundation can be added in a will or testament without our knowledge, but we always recommend that a donor or professional advisor speaks with us beforehand so we can ensure we are able to honor the donor’s wishes in the best way possible. 

Collaboration is Key 

Because we know that someone’s finances are a matter of privacy, we want to clarify that all conversations held with potential donors about endowments are entirely confidential. This is why we believe we can be considered a valuable part of your client’s future planning team. 

That is why we believe collaboration is so essential when it comes to endowments and charitable giving in Fayette County. We know that some of the best professional advisors are in our community, which is why we say expertise is found here. Together, we can ensure your client’s wishes are honored in every way possible. If you have a client who may be interested in learning more about the possibilities of endowments, give us a call! All conversations are confidential, and the donor’s information may remain anonymous during early discussions.    

There is an Endowment for Every Philanthropist 

Endowments are a fantastic way to give back to the community. Whether it is a memorial endowment, scholarship or contributing to the IMPACT fund, your client can make a significant impact. But the one great thing about endowments is the different kinds can meet almost any donor’s needs. There are six different types that you and your client can explore.   

• Community Impact – Allows for flexible grant-making and provides support for some of the community’s greatest needs.    
• Field of Interest – Funds are distributed to the most appropriate program or project within the field designated by the donors.   
• Designated – Provides grants to a specific charitable organization named by the donor.   

• Donor-Advised – The fund donors are actively involved in an advisory capacity for distribution from this fund.   
• Scholarship – Helps eager individuals reach their academic goals at accredited institutions of higher ed.   
• Operational – Provides vital support for the operation of the foundation. 

Additional Resources for Professional Advisors 

We have spent a lot of time creating resources for professional advisors like you. We know that charitable investments can be confusing for so many involved in the process. If your client is interested in creating an endowment at the Foundation, we have everything you need to know.  

We know that expertise is found here, so take your knowledge to the next level. Here is a list of resources you may find helpful when speaking with your client about endowments. 

1. 5 Things Philanthropy Can Do in Fayette County 
2. Philanthropy is Found Here 
3. Connecting Clients to Community Projects 
4. The Community IMPACT Fund 
5. All You Need to Know About Endowments 
6. Designated Payouts vs. Grant Cycles 
7. A Guide to Helping Clients with Charitable Endowments 
8. Setting Up an Endowed Scholarship Fund 

Get More Information 

We are dedicated to investing in and supporting our residents from cradle to career by connecting donors and nonprofit agencies. We help strengthen nonprofit agencies to better respond to community needs with financial support and capacity-building programs by providing grants from our unrestricted endowment and discretionary funds as well as from donor-advised funds.     

If you are looking for more information about the Fayette Community Foundation, check out our blog. We have dedicated this entire year to highlighting things found here in Fayette County. If you want to stay updated on everything found in Fayette County, sign up for our nonprofit newsletter.