Advisor FAQs

The Troy Foundation offers your clients numerous benefits, including the maximum charitable tax benefits available. When your clients choose to give to organizations through the Foundation, we handle all of the grant paperwork. We ensure that every non-profit organization that your clients support is qualified as a charitable recipient. The Foundation’s staff is also available to work with your clients to help them connect with the organizations that best meet their charitable goals. We are also equipped to accept a wide variety of assets, from cash to securities, to real estate that other organizations may not be able to accept.

We help our donors create funds that carry out their charitable goals, whether here in Troy and Miami County or elsewhere. Foundation donors have the ability to recommend grants to organizations across the country.

The Foundation has established a minimum to establish new funds of $25,000. This allows the fund to generate sufficient income to award grants. If your client wishes to start a fund with a smaller amount, the Foundation can work with donors to build up to the minimum, however, in most cases, grants may not be awarded from a fund until it reaches the minimum.

The Foundation accepts gifts of cash, securities, bequests, real estate, life insurance policy, retirement fund accounts, tangible personal property.

The Foundation’s staff is trained to assist individuals and families think through their charitable goals. The Foundation offers many options for your clients that we would welcome the opportunity to discuss with you and your clients to help them determine how to meet their charitable goals and maximize their philanthropic dollars.

Tax considerations will vary depending on the assets your clients choose to use to establish a fund with the Foundation, however, generally your clients may deduct up to 50% of their adjusted gross income (AGI) for cash contributions, and up to 30% of their AGI for gifts of appreciated securities. Each donor’s situation is different and should be viewed on an individual basis to determine what they will be allowed to deduct. A fund at the Foundation is often a better alternative than a private foundation.

Yes. Philanthropy offers an opportunity for families to pass on their philanthropic traditions and family values. Creating a donor advised fund with children as the successor advisors will involve the family long after your clients are gone. Our staff can work with your clients to determine the best way to engage their children and/or grandchildren with their fund at the Foundation.

Many of our donors choose to remain anonymous when they establish their fund. We are not required to report his/her names to the public or through any reports that would be required by the IRS. Gifts made to the fund as well as grants awarded from the fund can remain anonymous for the life of the fund, or until such time as your client desires that to change.