The National Philanthropic Trust, in partnership with Concord Equity Group Advisors, have launched a new donor advised fund offered exclusively to independent financial advisors, brokers, estate planners, accountants, trust officers, wealth managers and other professionals. The new program, the Independent Charitable Gift Fund, is also the first donor advised fund to invest in exchange-traded funds.
“Charitable giving is a fundamental element of financial planning and an important addition to the services offered through our wealth management infrastructure,” said Alan Gavornik, Co-Founder and Executive Managing Director of Concord Equity Group Advisors. “The Independent Charitable Gift Fund provides institutions, advisors, and investment representatives with the tools to do well by doing good through sophisticated, high-touch philanthropic services that will deepen their client relationships, while maximizing tax-efficient philanthropy.”
This is the first donor advised fund to invest in exchange-traded funds for low cost, diversified and efficient investment performance. In addition, the program can accept the widest variety of assets – appreciated securities, restricted stock, privately-held stock, real estate and more. The program also provides competitive compensation to advisors that improves their bottom line.
"Advisors will benefit from our expertise and experience," said Eileen Heisman, President & CEO, of NPT. "NPT will provide comprehensive support to help advisors effectively market the program to your existing clients, identify and cultivate prospects, and to attract new clients."
“NPT’s relationship with Concord Equity Group Advisors is truly a win-win,” said Heisman. “NPT has expanded its philanthropic reach to a greater number of individuals interested in making charitable gifts, while Concord has instantly acquired the technical, nonprofit, and operating knowledge necessary to get their program up and running in time for giving season. Our donor-advised fund platform empowers any financial services provider to offer an important and growing service to their clients almost immediately,” she added.
Advisors interested in obtaining more information about the program should contact Andrew Hastings, Vice President, National Philanthropic Trust toll-free at (888) 878-7900.