At Innovia Foundation, we know that you and other financial advisors, attorneys, and CPAs are always on the lookout for practical tools to help clients identify the most effective charitable giving vehicles for their unique situations. With the wide range of fund options available at Innovia, it can be hard to know where to start. First and foremost, please call us! We are happy to work with you and your clients every step of the way. Still, we know that it can be helpful to gain a general understanding of the choices available to help clients optimize tax planning while achieving philanthropic goals. That’s why we’re sharing a simple decision tree to lay the groundwork for your client conversations.

Does your client want flexibility while also staying actively involved in supporting multiple causes?

If so, your client should consider establishing a donor-advised fund at Innovia. Indeed, donor-advised funds are the fastest-growing charitable vehicle in the U.S. because they make charitable giving easy and effective for so many people who want to support a wide variety of favorite charities. 

Advantages include:

• Immediate tax deduction for initial and subsequent contributions.
• Flexibility to recommend grants to IRS-qualified 501(c)(3) charities over time.
• Ability to name the fund and limit the sharing of donor information with recipient charities.
• Simplifies record-keeping and streamlines the process for annual giving.

Does your client want to make a long-term, meaningful impact on a single nonprofit?

If so, your client should consider setting up a designated fund at the Innovia.

Advantages include:

• Focused, predictable support for a chosen organization, either as recurring grants or support on an as-needed basis.
• Particularly beneficial for clients wishing to “bunch” charitable gifts to a particular organization (i.e., group multiple years of gifts into a single year for tax efficiency).
• Can provide a degree of protection from financial instability at the recipient charity because the Innovia retains stewardship of the assets while they are held in the fund.

Does your client want to address the region’s greatest needs, but prefers to rely on professional expertise?

If so, your client should consider establishing an unrestricted fund at the Innovia.

Advantages include:

• Enables Innovia to direct resources toward the most urgent and evolving community challenges.
• Provides the highest flexibility for maximum impact as needs shift over time.
• Establishes a legacy of giving that adapts to future circumstances and priorities.
• Serves as a vital source of funds for our region’s ability to respond to crises or emerging opportunities, allowing the Innovia to act swiftly where resources are most needed.

Please reach out anytime! It is our honor to partner with you and your clients by offering tools and expertise to tailor charitable strategies for each client’s circumstances. We look forward to hearing from you and working together to make a difference in the community we all care about.