The Entrust Experience
November is here again and many non-profit organizations have intensified their campaigns to raise funds. This happens as we approach the holidays because the season inspires many of us to share our abundance with causes that are important to us. Entrust addresses gifting as a component of wealth planning; therefore discussions of charitable intentions are a regular part of our client conversations.
 
One great example is our client Jennifer. Jennifer's charitable intentions went beyond strategizing about her intent to donate. As a grandmother, she wanted her charitable planning process to be a family affair across the generations. For instance, she had a strong commitment to teaching her grandchildren to share with others and hoped to begin their investment education at the same time.
 
Teaching Children to Share and Invest
As we explored options together, Jennifer decided that the donor advised fund (DAF) would meet her goals. For example, features of a DAF include:
 
  • It is a single account from which grants of as little as $100 may be made to a wide variety of charitable causes. She and her grandchildren could research several causes and select which ones to benefit.
  • A relatively small amount of money is needed to establish a DAF account. We helped Jennifer establish her DAF with an account opening contribution of just $5,000. She was especially pleased because she could choose the investment allocation of her account.
  • Little administration or reporting is required, and a tax-deduction may be available when funds are invested.
 
To help her grandchildren start thinking about what organizations to benefit, she showed them this video: https://youtu.be/OjGe-_OYWQQ  That task underway, Jennifer took the first steps of teaching them the rudiments of what an asset class is. Their investment education had begun. She was thrilled to be introducing the investment process to her grandchildren and even more thrilled when her granddaughter asked when their next investment lesson would be.
 
 
My Best Teacher
Another popular way to fulfill charitable intentions is to give back to your alma mater. You may recall Joslyn established the My Best Teacher scholarship fund in memory of her late beloved husband, Don Ewart. We are deeply grateful to the countless clients and friends of Entrust who have donated generously to the fund. Entrust continues to match gifts dollar-for-dollar.
 
We are excited to report we are halfway to full endowment of the scholarship fund, at which time it will provide four years of full tuition to Temple University music students with financial need. If you are putting together a list of charitable contributions you wish to make before the close of 2015, please consider doubling your gift with a contribution to the My Best Teacher scholarship fund. Entrust will match your gift. giving.temple.edu/EwartScholarship
 
Opportunities abound to share your abundance with others this holiday season and throughout the year. We welcome a dialogue about how to fulfill your charitable intentions. Contact us today: info@entrustfinancial.com or 610-687-3515.


 
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