LBCF is your partner. We provide support, information, expertise, and professional administration of charitable funds to help you better serve your clients. We work in tandem with all kinds of tax professionals to extend your services.
The Long Beach Community Foundation is a 501(c)3 public charity, so your clients will receive the maximum tax deduction allowed by law, avoid or reduce capital gains tax and may be eligible to receive a lifetime income stream. We look at each donation individually and create giving plans that provide bottom-line benefits to the donor and maximize gifts to the community.
Charitable giving can encompass more than just cash donations. Families and businesses can tap into Long Beach Community Foundation’s expertise to turn hard-to-value assets into a charitable family or corporate fund to further their philanthropic and tax-planning goals.
Most Requested Documents and Information
The most requested documents and information requested from our professional advisor partners are listed below.
- Employer Identification Number: Long Beach Community Foundation - 20-5054010
- How to Contribute to a Fund
- Donor Advised Fund Agreement
- MOPI (Memo of Philanthropic Intent)
- Suggested Language for Legacy Plans
- LBCF Types of Funds
- Donor Advised Funds Webinar Series
- Donor Advised Fund Basics
- Private Foundation vs Donor Advised Funds
- Donor Advised Fund Grant Guidelines
- Donor Advised Fund Agreement
- Three Important Tax Strategies
- Investment Recommendation Form
- Fundraising Guidelines
- How to Talk Giving Guide - Please email us or schedule a meeting with LBCF to receive your free copy of "How to Talk Giving" - a resource to open the charitable giving conversation with your clients.
- Sample Wills & Trust Legacy Language
- Memorandum of Philanthropic Intent
- Financial Advisor Program - Welcome Kit
Maximize Your Clients’ Giving
Your clients may be able to attain a new level of giving they might not have considered possible through assets they already own. Long Beach Community Foundation accepts complex assets for charitable purposes, including:
- Real Estate
- Personal Residence
- Commercial Property
- Undeveloped Property
- Other Real Property
- Business Interests
- Closely Held Stock (S-Corp, C-Corp, LLC)
- Partnership Interests
- Personal Property
- Royalties, Copyrights, Patents
- Valuable Collectibles
- Other Alternative Asset Gifts
- Life Insurance Policies
- Retirement Plans
This list is not intended to be all-inclusive of acceptable alternative assets. Gift acceptance is dependent upon asset review and approval.
Donor Advised Funds | Secure Giving
"For me, it's reassuring to know donations are going to organizations that will spend it properly and for the purposes that you intended." ~ Bob Foster, Former Mayor of Long Beach
Charitable Giving Funds | Private Foundation Alternative
"With no startup costs, legal fees, or liability, it is the most flexible, hassle-free approach to charitable giving." ~ Marilyn Bohl, Retired IBM Executive and Author
Scholarships Funds | Supporting Youth Education
"It's a program that works - we see the results every day in the smiles of all the children who have been given a second chance at life through the Safe Surrender program." ~ Don Knabe, Former Supervisor, 4th District, La County Board of Supervisors
Bequests | Family Fund Advisors
"The Community Foundation is in touch with the community needs, the nonprofits, and what charitable programs align with our aunt's vision." ~ Melissa & Melanie Feinberg
Agency Funds | Algalita Marine Research & Education
"Having the Long Beach Community Foundation manage our endowment ensures that our funds are secure, expands our reach to new donors, and allows us to be immediately ready to receive planned gifts." ~ Terri Buchanan, President
Can my client give outside of Long Beach?
Yes. Our role is to help donors create funds that carry out their charitable goals in Long Beach or anywhere in the United States. LBCF donors have the ability to recommend grants to organizations across the country.
Is there a required minimum grant amount when making recommendations from the client’s fund?
No, a grant can be made in any amount.
Can my client name a successor advisor?
Yes, however if the donor does not name a successor, or after the successor's passing, the Community Foundation will continue to award the funds in accordance with your client's documented wishes.
What type of assets can be donated?
The Long Beach Community Foundation has the ability to accept a range of assets including:
- Cash equivalents
- Stocks and bonds
- Business interests
- Real estate
- Personal property
- Life insurance policies
- Retirement account assets
What is the minimum to open a fund at the Long Beach Community Foundation?
The minimum for establishing most funds with the Long Beach Community Foundation is $2,500. Agency and Scholarship funds require larger minimums. There is no minimum to donate to existing funds once established.
What are the tax benefits for my client?
The Long Beach Community Foundation offers the maximum charitable tax advantages available by law. Community Foundations are not subject to the taxes and regulations affecting private foundations and have increased flexibility. For example, there is no annual granting requirement.
Is opening a fund at the Long Beach Community Foundation right for my client?
Yes, if your clients:
- Are thinking about creating a private foundation, but are concerned about the cost and complexity
- Want to receive the maximum tax benefit
- Is someone who gives to more than one charitable cause
- Are interested in creating a legacy
- Cares about their community
Let’s Get Started!
Contact us today at (562) 435-9033 to learn more about how a partnership with the Long Beach Community Foundation will benefit you and your clients.
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