Tips to Engage

The Columbus Foundation can help you and your client find the best options to meet their charitable goals. The following tips focus on key situations in which the charitable giving conversation can be beneficial to your client.

A client without children or descendants

If you have a client who do not have children or descendants, or does not want to provide in their estates for children or descendants, charitable giving is an important issue to address. If they do not know exactly which charity they want to support, or if they want to create a lasting legacy that will benefit the community in perpetuity, The Columbus Foundation is a great choice for them.

Sale of a business/other major assets

Your client comes to you ready to sell their business. The sale will create a large tax event for your client and they would like your advice on ways to offset the tax liability. The Columbus Foundation can help your client avoid some of their tax liability by accepting a gift of a partial interest in their business. Your clients may be eligible for a tax deduction and when The Columbus Foundation sells the interest in the business, there is no income tax or capital gain tax on the proceeds. Your client then establishes a fund with the proceeds from the sale.

Closely held family business interest

You have a client who has a closely held family business. They do not have a large amount of liquid assets but are charitably inclined and would like to leverage the value in their business to make charitable contributions. The

Columbus Foundation can work with you and your client to accept the closely held business interest and set up a liquidation schedule for the interest. As the interest in the business held by The Columbus Foundation is liquidated, the donor has liquid assets in their fund, which can be used to meet their charitable goals.

Loss of a loved one

Your client has lost a loved one and wants to do something in their memory, but is not sure what to do. The Columbus Foundation can help you and your client

set up a fund in memory of or in honor of their loved one. We work with your client to determine what type of fund (donor advised, scholarship, designated, field of interest) would most closely fit to honor their loved one.

Client wants to start a charity

You have a client who comes to you to create a charity or private foundation. They are passionate about helping the less fortunate or finding a cure for an affliction. They also have a full time job and/or a family. The Columbus

Foundation can help your client establish a donor advised fund or field of interest fund that will support the cause or charities your client would like to support without the hassles of running their own organization.

Desire to teach family members about philanthropy

Your client comes to you with the desire to make sure that their children and grandchildren understand philanthropy. We can help educate your client through our various publications and expert resources on family philanthropy and by working directly with you and your client to set up the best vehicle for their family.