Setting Up Foundations

DRAFT
Letter to Your Client Giving Them a Foundation at NHF
(Put on Your Letterhead)

Date

John A. and Mary B. McClient
100 Main Street
Any town, USA

Dear John and Mary:

I am delighted you have chosen my firm as your financial advisor. What I am going to give you by means of this letter and the accompanying application is not just a bonus of our relationship, but what I hope will become an integral part of your financial plan and financial system: a repository for your Philanthropic Wealth.

As you become more successful financially, you will want to pay increasing attention to Philanthropy. Of course I believe that giving is for everyone, but I believe that as we prosper we have even more responsibility to share that prosperity with our children and with others in the community. And I would hope that you too would agree with that.

So, by this application I am giving you YOUR OWN FOUNDATION. It will operate on your behalf and at your behest under the supervision of the National Heritage Foundation, headquartered in the Washington Metropolitan area. You can have a closer look at them by pulling up their "Foundation Training Center" at www.nhf.org. Or you can call their staff with questions at (800) 986-4483. Here are some of the reasons why I am recommending this.

  1. It’s Your Own Foundation- Your name; your ideas will go on forever. If you like, we can set up a foundation for each of you, because we frequently find that husband and wife disagree on charitable priorities. Let us know if you need a separate application.
  2. It’s nearly Free- I am in a relationship with NHF so that the application fee for you cost only $100. You will get a Walnut Plaque, three books, and a parchment certificate from them.
  3. It’s Tax-wise – All Gifts are fully Tax Deductible. All contributions you make, of cash, stock, tangible property, real estate are fully deductible, as well as contributions from friends, relatives and other people to your Foundation.
  4. Deferred Gifts may be deductible too- Gifts Annuities, Charitable Trusts, Life Insurance- we can help you create these instruments-are also tax deductible.
  5. It can Employ You- You might someday work for your foundation. Then of course you have only REPOSITIONED your wealth from Personal Wealth to Philanthropic Wealth, and you can be compensated taxable income for bona fide charitable work that you do with NHF’s approval.
  6. It can make gifts anywhere in the world- You may through the foundation make gifts to charitable projects in other countries through your foundation that you could not deduct if you made directly.
  7. It can make your current giving "come alive"- NHF will prepare letterhead and if requested "foundation profiles"-no charge. You may even have the checks they write sent to you so that you can give them out personally.
  8. It cost very little The changes are very small. There is a one-time Marketing Charge on each incoming gift of 2 and ½%, and on small balances, no Management Fee at all. When your balance grows above $10,000 you make have your own portfolio under our supervision, and they will charge ½% per quarter. These charges are negotiable on larger foundations.
  9. Your heirs may someday work for the foundation- what a thrill to contemplate that your great grandchildren yet unborn may actually work for the foundation and know your name and ideas intimately.
  10. You may touch activities INSIDE a charity- Many people with charities on their hearts enjoy the ability with a foundation to assist just a part of the charity’s program, such as Chemistry or Tennis Scholarships at a college, or the Bell Choir at a church.
  11. You can change your mind anytime- NHF permits you to add, delete, and make changes in your charitable scope of work anytime you choose. Simply send the new instructions in and they will guide the distributions.
  12. You may become independent of NHF- if at anytime you feel that you no longer need or desire your foundation, you may have the assets transferred to any other pubic charity.

I have enclosed an application with instructions for filling it out. Each application should be returned to me with at least a $100 application fee. Remember that this foundation is not just a nice gift from me to you. This foundation is an integral part of your financial plan and fits into the things we can do together in the future.

Best personal regards.

THE NATIONAL HERITAGE FOUNDATION

NATIONAL HERITAGE FOUNDATION 
is a public charitable organization formed

  • To stimulate philanthropy all over the globe
  • It is a "people to people" program rather than "government to people"
  • It is currently one of the largest foundations in America
  • Operating thousands of projects, called "foundations at NHF"

NATIONAL HERITAGE FOUNDATION

  • Was awarded the CHAMPION OF INDUSTRY AWARD and featured on Fox TV, and
  • Was the cover story of a recent issue of THE FINANCIAL SERVICES ADVISOR magazine.

THE PROBLEM IS RECOGNIZED AT THE HIGHEST LEVEL

Speech by President George W. Bush
"All of us can become a September 11 Volunteer by making a 
commitment to serve in our communities…
… By tutoring or mentoring a child
… By comforting the afflicted
… By housing those in need of shelter"

Speech by former President John F. Kennedy
"Ask not what your country can do for you.
ASK WHAT YOU CAN DO FOR YOUR COUNTRY"

THE NATIONAL HERITAGE FOUNDATION NHF

  • Is the tax exempt parent and legal owner of all gifts
  • Receipts gifts and administers all disbursements to ensure legitimate use of funds as the donor may direct
  • Provides on-line reporting both at the company level and to each individual employee
  • Does not usually manage investments, but may select a competent fund manager
  • NHF’s principle focus is on the burgeoning field of Charitable Entrepreneurship aimed at employing the donor either as a volunteer or as a an employee receiving taxable income for program activities.

ADVANTAGES:

ACCESS TO NATIONAL HERITAGE NETWORK OF FOUNDATIONS

  • Any "foundation at NHF" can make its needs known to the NHF family of foundations.

Also, a "foundation at NHF" can encourage any person, especially a member of the financial community to raise additional funds for his or her project ideas on a results-compensation basis.

 


 
Financial Super Markets, Inc.
Tel: 888.672.4212
Fax: 973.842.0912

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