Charitable Giving

The Franklin Charitable Giving Program is a donor-advised fund1 that provides clients a simple and flexible way to give to their favorite charity. Contributions are irrevocable, immediately tax-deductible, and can be invested to grow tax-free. When they’re ready, your clients can make grant recommendations to causes that are important to them. Families can even establish multi-generational charitable giving.

Since 2005, the Charitable Giving Program has granted over $250 million to charities.2

Five Reasons Clients Like the Franklin Charitable Giving Program

  1. Simplicity. A single contribution allows clients to make grants to multiple charitable organizations.
  2. Tax Benefits. Donations are fully deductible in the tax year they're made. Individuals can also donate appreciated securities and realize their full fair market value as a charitable contribution deduction without incurring capital gains taxes.
  3. Growth Potential. Contributions are invested and have the ability to grow tax-free, enabling individuals to potentially give more over time.
  4. Legacy. Multiple successors can be named to the account, to carry forward the legacy of charitable giving.
  5. Anonymity. If desired, clients can choose to keep all grant information confidential.

Five Reasons Advisors Like the Franklin Charitable Giving Program

  1. Stronger Relationships. Deepens relationships with high net-worth clients by providing an effective tax and estate-planning tool to help them achieve their financial and philanthropic goals.
  2. Family Ties. Build relationships across generations to retain assets when wealth passes from current clients to family members.
  3. Ongoing Revenue. Financial advisors receive a recurring trail of 100 basis points annually for equity funds and 65 basis points annually for fixed income funds on assets in Franklin Charitable Giving Program. Financial advisors are paid quarterly.
  4. Asset Acquisition. Attract new assets from your existing client base and from other institutions with similar products.
  5. Asset Retention. Keep assets that might otherwise be liquidated and redirected to other financial institutions or donated directly to charity.

How the Program Works

Give

Opening an account is simple. Clients make an irrevocable donation of personal assets (cash or securities) to Renaissance Charitable Foundation, Inc. (RCF).

Minimum donation = $5,000

Subsequent donation minimums =$1,000.

Get

In addition to the satisfaction that giving to a charity can bring, your clients can also take an immediate tax deduction for the contribution in the year it is made.

 

Grow

Each time a donation is made, clients choose from one of four pre-defined investment strategies or create their own investment strategy or default into the Franklin Growth and Income Strategy.

Grant

Clients can recommend grants to qualified charitable organizations of their choice and on their own schedule.

  • Submit an online grant recommendation ($250 minimum)
  • RCF approves the recommendation.
  • RCF sends the grant to the approved charity.

Investment Options

Franklin Corefolio® Strategy

Invests in four equity funds. Offers the potential for long-term growth and significant diversification across multiple industries.

Franklin Growth Opportunities Fund (25.0%)

Franklin Growth Fund (25.0%)

Templeton Growth Fund (25.0%)

Franklin Mutual Shares Fund (25.0%)

Franklin Growth and Income Strategy

Invests in equal allocations (33 1/3%) in three funds. Seeks both capital appreciation and potential current income by investing primarily in income-producing equity securities.

Franklin Equity Income Fund (33.3%)

Franklin Rising Dividends Fund (33.3%)

Franklin Mutual Shares Fund (33.3%)

Franklin Founding Funds Strategy

Invests in equal allocations (33 1/3%) in three value-oriented funds—each a flagship fund with a 50-year track record. Offers diversification across multiple asset classes and a record of relatively lower volatility with the potential for attractive long-term results.

Franklin Income Fund (33.3%)

Templeton Growth Fund (33.3%)

Franklin Mutual Shares Fund (33.3%)

Franklin Fixed Income Strategy

Invests in equal allocations (50%) in two income funds. Seeks current income by investing in a variety of debt and income-producing securities.

Franklin Total Return Fund (50.0%)

Franklin U.S. Government Securities Fund (50.0%)

Contact Us at (800) 632-2350 ext. 1134243.