As attorneys, CPAs, and financial advisors, you know very well that trust is at the foundation of your relationships with clients. Your clients are seeking a similar level of trust with the people and organizations that are helping carry out their philanthropic wishes.
Fortunately, trust in charities has shown an increase after a recent dip. According to the 2024 Edelman Trust Barometer and the Independent Sector’s “Trust in Nonprofits and Philanthropy” report, trust in nonprofits rebounded by 5 points to 57% in 2024, following a four-year decline. This increase positions nonprofits as the most trusted sector compared to government, business, and media. Still, nonprofits face challenges and concerns about maintaining this trust, including general skepticism about institutions, as well as increasing expectations that charities demonstrate transparency and accountability.
As you work with your charitable clients, keep in mind that IECF can help bolster clients’ trust in their favorite charities. Here’s how:
Trustworthy information about particular charities
IECF is a valuable source for objective, timely information about specific charities and the impact of particular programs. By working with IECF, your clients can leverage a transparent and trustworthy avenue for learning about how best to make a difference for their favorite causes.
Wide-ranging expertise about community needs
At its core, IECF is committed to achieving impact. This means that our team keeps a finger on the pulse of local needs, whether related to social services, health care, education, the environment, the arts, community development, or any other community priority. With a deep understanding about community needs, IECF team can be an excellent sounding board for your clients who want to learn which charities are addressing each need and how those charities are measuring results.
Broad set of tools for structuring charitable gifts
IECF can help establish a tax-efficient structure to achieve each client’s goals for community impact. Available vehicles include not only donor-advised funds, but also other types of funds such as designated funds to support specific charities and field-of-interest funds to address particular causes, as well as multi-generational funds to involve clients’ children and grandchildren. IECF offers your clients a flexible and effective way to manage charitable giving by simplifying their giving processes and maximizing potential tax benefits.
As always, we want to be your first call! Please reach out to IECF team anytime the topic of charitable giving comes up during a client conversation.
Please reach out to our Charitable Giving Team any time. Stay up to date on all the good work we’re doing through the power of philanthropy – sign up for our eNewsletter, Philanthropy Matters, today.
The team at IECF is honored to serve as a resource and sounding board as you help your clients build their charitable plans and pursue their philanthropic objectives for making a difference in the community. This newsletter is provided for informational purposes only. It is not intended as legal, accounting, or financial planning advice. Please consult your tax or legal advisor to learn how this information might apply to your own situation.
