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Charitable Partners Program /
American Funds Community Foundation Program
American Funds now offers a
special benefit to your financial advisor if he or she is
licensed to sell mutual funds and refers you to The Norfolk
Foundation.
If you choose to establish an endowment here but have the
Foundation invest the donated assets in American Funds,
American Funds will pay your professional advisor an upfront
“broker” fee and trailing (12(b)-1) fees for as long as the
Foundation continues to invest those assets with American
Funds.
How it works:
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Any financial professional (licensed
Series 7 or 6) who uses American Funds may refer you to The
Norfolk Foundation to set up a permanent endowment.
-
You donate tax deductible assets to The
Norfolk Foundation to establish the fund.
-
The Norfolk Foundation owns the assets
but contracts with American Funds Group (AFG) to manage them
in accordance with the Foundation’s investment policies and
asset allocation model.
The benefits to you:
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Tax benefits of charitable planning.
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Expert counsel in charitable giving.
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Access to all of the Foundation
charitable products and services.
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The joy of “giving something back” to
the community.
Benefits to your financial advisor:
-
Advisor adds charitable planning to his/her repertoire of
services.
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Up-front “broker” fee (paid by AFG) – 1% on the first $4
million held by the Foundation;
-
Trailing fees (12(b)-1 fees).
Types of funds available to you:
If you want to partner with southeastern Virginia’s most
experienced community foundation, please contact:
Nan C. Edgerton, Vice President of Development
The Norfolk Foundation
(757) 622-7951 or
nedgerton@norfolkfoundation.org
Collaboration. Philanthropy. Impact. |
to
download a sample Donor Advised Fund Agreement