Charitable Partners Program

American Funds Community Foundation Program
 
American Funds offers a special benefit to your financial advisor if he or she is licensed to sell mutual funds and refers you to the Hampton Roads Community Foundation to start a donor advised fund.

If you establish an endowed fund here and have us invest the donated assets in American Funds, the company will pay your professional advisor an upfront “broker” fee and trailing (12(b)-1) fees for as long as we continue to invest those assets with American Funds.

How it works:

• Any financial professional (licensed Series 7 or 6) who uses American Funds may refer a client to us to set up a permanent endowment.
• The advisor’s client donates tax deductible assets to establish a donor advised fund.
• The Hampton Roads Community Foundation owns the assets but contracts with American Funds Group (AFG) to manage them in accordance with our investment policies and asset allocation model.

The benefits to you as a donor:

• The joy of  supporting  the community with a charitable gift
• Recommending grants to nonprofit organizations. 
• Tax benefits of making a charitable gift.
• Access to all of our charitable products and services.

Benefits to your financial advisor:

• Up-front “broker” fee (paid by AFG) – 1% on the first $4 million held by the Foundation
• 50 basis points on the next $6 million held by the Foundation
• 25 basis points thereafter. Trailing fees (12(b)-1 fees).

Click hereto download a sample Donor Advised Fund Agreement.

Click here to compare the benefits of a Donor Advised Fund to starting a private
foundation.

If your client wants to partner with southeastern Virginia’s most experienced community foundation, please contact Nan Edgerton, vice president of development.