Charitable Giving
Make an Impact, Build a Legacy, Get a Tax Deduction.
The Franklin Templeton Donor-Advised Fund1 provides a simple and flexible way to give to your favorite charities. It is dedicated to helping individuals effectively reach their philanthropic goals while maximizing the impact of their gifts. Since 2005, The Franklin Templeton Charitable Giving Program has been serviced by Renaissance Charitable Foundation Inc. (RCF)2—an industry leader helping clients achieve philanthropic goals.
The Franklin Templeton Charitable Giving Program is a simple alternative to creating a private foundation, giving you the opportunity to make charitable contributions that are immediately deductible, and that can be invested and grow tax-free. When ready, you can make grant recommendations to charities or causes that are important to you. Families can even establish multi-generational charitable giving.
How the Program Works
Give
Opening an account is simple. Make an irrevocable donation3 of personal assets (cash or securities) to Renaissance Charitable Foundation, Inc. (RCF)2.
Minimum donation = $5,000
Subsequent donation minimums = $1,000.
Get
In addition to the satisfaction that giving to a charity can bring, donations to the program are fully tax-deductible in the year they’re made. When appreciated assets are donated, you can generally deduct their full fair market value from your taxable income—and avoid U.S. federal capital gains tax liability. This might include securities and improved or unimproved real estate.
Grow
Each donation can continue to grow tax-free until ready to make grant recommendations to the chosen charity.
Grant
Recommend grants to qualified charities and nonprofit organizations recognized by the IRS as able to receive tax-deductible contributions.
or visit ft.donorfirstx.com.
Investment Options
Through one or more Franklin Templeton mutual funds, Franklin Templeton provides professional investment management for The Franklin Templeton Charitable Giving Program. Donors have the option to choose their investments by allocating their contribution among the following Franklin Templeton mutual funds:
US Equity Growth
US Equity Index
US Equity Value
Global Equity
Multi-Asset Income
Fixed Income - Core Bond
Short Term Income - Government Bond
Franklin Low Duration U.S. Government Securities Fund
Capital Preservation - Money Market
Resources
1. A donor-advised fund is a separately identified account that is maintained and operated by a section 501(c)(3) organization, and is not a registered investment company.
2. Renaissance is a charitable organization described in Section 501(c)(3) of the Internal Revenue Code of 1986 (the “Code”) and further qualifies as a public charity under Section 509(a)(1), 170(b)(1)(A), and 4966(d)(1) of the Code.
3. Contributions to The Franklin Templeton Charitable Giving Program are irrevocable contributions made to Renaissance Charitable Foundation Inc., a 501(c)(3) public charity.
Important Information
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. Always consult a qualified professional or your own independent financial professional for personalized advice or investment recommendations tailored to your 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 your results. Franklin Distributors, LLC. Member FINRA/SIPC. (FD, LLC) 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.
Additional information about the underlying mutual funds used in The Franklin Templeton Charitable Giving Program, including fees and expenses, is available in each underlying fund's prospectus. Please carefully read a prospectus before you invest or send money.