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Questions

1. Does NWACF have an approved list of professional advisors they recommend to donors or prospective donors?



2. As a trust officer at a bank, won't I be losing clients if I refer them to NWACF?



3. As a professional advisor, it is important to maintain the confidentiality of a client. How can I be sure that NWACF will do the same?



4. In the past, I have referred to clients to particular nonprofits concerning planned gifts to that organization. Once the referral took place, I never heard anything more unless the client kept me informed. How can I be sure this won't be repeated by NWACF?



5. Does my client have any voice in how his gift would be financially managed?



6. How much does it take to establish a fund at NWACF?



7. Can my client add to this fund?

Answers

Does NWACF have an approved list of professional advisors they recommend to donors or prospective donors?

We always stress the importance of seeking qualified, professional outside counsel in the exploration and execution of all planned gifts. We do not make recommendations to donors on which outside counsel to use.

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As a trust officer at a bank, won't I be losing clients if I refer them to NWACF?

Donors will be encouraged to use banks and/or other corporate fiduciaries as trustees for charitable trusts. However, if specifically requested by the donor, NWACF will act as a trustee or will appoint a trustee for a charitable trust which names NWACF as a primary charitable beneficiary on the terms set forth in the policy.

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As a professional advisor, it is important to maintain the confidentiality of a client. How can I be sure that NWACF will do the same?

All information obtained from or about donors/prospects shall be held in strictest confidence by NWACF. Neither the name, amount, nor conditions of any gift shall be published without the approval of the donor and/or beneficiary.

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In the past, I have referred clients to particular nonprofits concerning planned gifts to that organization. Once the referral took place, I never heard anything more unless the client kept me informed. How can I be sure this won't be repeated by NWACF?

We recognize the important role you have played in your client's current financial status and future estate planning activities. It is important to NWACF that we continue to involve you through the entire planning process until the final document is executed. Our philosophy is that you are the principal advisor to this client and will continue to remain so.

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Does my client have any voice in how his gift would be financially managed?

If the gift is made directly to NWACF, then the final decision belongs to the Board of Directors. For those who have a trusted relationship with a financial institution or advisor, the component fund may be useful. It is similar to An Advised Fund, but the fund is retained and managed by an outside financial advisor or institution.

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How much does it take to establish a fund at NWACF?

Minimum amounts to establish a fund vary. For more information, please see Fund Types.

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Can my client add to this fund?

Yes, and with better tax benefits than adding to a private foundation.

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