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, Franklin Charitable Giving Program has been serviced by Renaissance Charitable Foundation, an industry leader in philantrhopic charities. The Franklin Charitable Giving Program has helped Donors grant almost $700 million to charities over the last 18 years.2
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.
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.
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.
Clients can recommend grants to qualified charitable organizations of their choice and on their own schedule.
To open an account, visit ft.donorfirstx.com or call Renaissance at (800) 843-7997.
Franklin Growth Opportunities Fund (25.0%)
Franklin Growth Fund (25.0%)
Templeton Growth Fund (25.0%)
Franklin Mutual Shares Fund (25.0%)
Franklin Equity Income Fund (33.3%)
Franklin Rising Dividends Fund (33.3%)
Franklin Mutual Shares Fund (33.3%)
Franklin Income Fund (33.3%)
Templeton Growth Fund (33.3%)
Franklin Mutual Shares Fund (33.3%)
Franklin Total Return Fund (50.0%)
Franklin U.S. Government Securities Fund (50.0%)
Donors can create their own personal giving strategy by allocating their contribution among the following funds (total must equal 100%).
Global
This communication is general in nature and provided for educational and informational purposes only. It should not be considered or relied upon as legal, tax or investment advice or an investment recommendation, or as a substitute for legal or tax counsel. Any investment products or services named herein are for illustrative purposes only, and should not be considered an offer to buy or sell, or an investment recommendation for, any specific security, strategy or investment product or service. As a financial professional, only you can provide your customers with personalized advice and investment recommendations tailored to their specific goals, individual situation, and risk tolerance.
Franklin Templeton does not provide legal or tax advice. Federal and state laws and regulations are complex and subject to change, which can materially impact results. FTDI cannot guarantee that such information is accurate, complete or timely; and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information.
All investments involve risks including possible loss of principal. Additional information about these underlying mutual funds used in the Franklin Charitable Giving Program’s investment pools, including fees and expenses, is available in each underlying fund’s prospectus.
RCF will invest the donor’s contribution as soon as administratively possible. The date of the purchase may be delayed by market deadlines and trade settlements. The value of each investment strategy will be determined at the end of each business day, based on the prices of the underlying mutual fund shares. This value will include any realized or unrealized gains or losses and undistributed net investment income attributable to the strategies (if applicable).
Donors will have the ability to change their investment strategy composition once every three months. If a donor does not select an investment strategy, the contributions will be automatically invested in the Franklin Growth and Income strategy. The program’s Board of Directors has the sole responsibility and authority for investing the program’s assets and may adjust the composition of its investment strategies from time to time. Please remember, there is no assurance that any strategy (or underlying mutual fund) will achieve its objective. Share prices and investment returns will fluctuate with changes in the market.