Professional Advisor Legacy Planner e-news June 2015

Previous editions of Legacy Planner e-News can be found HERE.

More than $40 trillion will be inherited over the next few decades — the largest transfer of wealth in history.

Forty-five percent of spouses who inherit will seek and find a different financial adviser to manage those funds. Once the surviving spouse dies, a whopping 98 percent of the inheriting descendants will move those funds to a different financial adviser.


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gradcap.webThe Community Foundation is presenting more than $833,000 in scholarships for the 2015-2016 academic year to 276 scholars. This represents 371 scholarships from 244 scholarship funds. In the prior year, scholarships totaled $552,000. A change in the Community Foundation's spending policy for endowed funds, approved by the Board of Trustees in 2014, resulted in the additional scholarship funds being available.

Legacy.magnifier.webThe Community Foundation often publicizes information about grants provided to local nonprofits through its unrestricted, strategic, and impact grant cycles. These grants require an application process, impact and progress reports, and sometimes, a site visit by staff and trustees. Since July 1, 2014 (the beginning of the FY2015 fiscal year), unrestricted, strategic, and impact grants total more than $449,000.

Do you want to know more about how the Community Foundation helps donors fulfill their philanthropic goals? Does every donor have their own, customized plan of action? How can donors support the causes they care about without spending any money now? These donors are also your clients, and the Community Foundation wants you to be "in-the-know" about helping them achieve their charitable intentions.

You are invited to lunch (on us, at the restaurant of your choice) with Serap, Director of Development and Community Giving, who will be happy to provide answers to these questions. It's just an hour....and you'll have resources that will help guide your clients who want to give back to the community.

Email This email address is being protected from spambots. You need JavaScript enabled to view it. or call her at 301.695.7660. She will be delighted to hear from you!

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  • Frederick, MD 21701
  • phone: 301-695-7660
  • fax: 301-695-7775
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