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Professional Advisor Enews
May 2009 |
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Letter from the CEO
I just returned from the annual meeting of the national Council on Foundations in Atlanta where,
for the second year in our young history, the community foundation received several "best in class"
honors from our peers.
As you might imagine, the broader conference focused on how foundations can
and should respond to help ease the severe impacts of the deepening recession. Several high ranking
officials of the Obama administration spoke to the conferees about a wide range of topics including:
the economy and the stimulus package, H1N1 flu virus, universal health care and other issues.
Surprisingly, nearly every speaker focused their remarks on the need for foundations to become more
actively involved in the public policy process at the local and national level. As I heard these
repeated calls to action, I became ever more proud of the community foundation’s recent decision to
become more engaged in the public policy arena as another component of our work along with research,
convening and grantmaking.
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Save the Date
Silicon Valley Community Foundation continues a tradition this fall with our second Regional Meeting.
Please join us as we build the vision of inspiring greater civic participation
OCT. 15, 2009 Fox Theatre,
Redwood City, California |
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Valley Council Advisors Luncheon
The Valley Council Advisors, a special group for professional advisors who work closely with
Silicon Valley Community Foundation, are invited to join Emmett D. Carson, Ph.D., CEO and president,
and leadership staff at a special luncheon. The luncheon is an annual event to recognize significant
gifts and relationships brought to the community foundation by professional advisors. Participants
will be able to enjoy networking with other charitably minded professionals and hear about the
community foundation’s progress in the last year.
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Event Series: The Choices We Make with Our Money Can Change the World |
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Families, Money & Habits
Do current trends foreshadow future financial challenges for the adults of tomorrow? Why should we be
concerned? How can we as family and friends help the next generation develop and maintain healthy money
habits? Families, including young people ages 13 and above, are encouraged to participate.
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Money Sanity U
Amid the mixed signals of the consumer culture, it can be difficult for parents and others to talk about money
and involve the next generation in philanthropy. Both the media and peers have a great deal of influence on the
money habits and values of today’s families – especially on our youth. This second session expands and deepens
the themes of the first session. Families, including young people ages 13 and above, are encouraged to participate.
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Highlights from the Conference on Charitable Giving
Last week Silicon Valley Community Foundation
and Stanford University’s Office of Planned Giving hosted the Conference on Charitable Giving 2009 featuring
renowned presenters and a variety of significant topics in the gift and estate planning field.
Attendees included nearly 230 attorneys, financial planners, accountants, and other estate planning professionals. The
14 sessions provided networking and learning opportunities for everyone.
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Get Involved in the Merrill Lynch Community Charitable
Fund® Program
If you are a Merrill Lynch financial advisor
you have an additional resource to share with your clients regarding their charitable giving opportunities.
The Merrill Lynch Community Charitable Fund, also referred to MLCCF, is a donor advised fund program that was
launched in 2003 which links private clients of Merrill Lynch with a network of community foundations across
the United States. Silicon Valley Community Foundation is pleased to participate in this program.
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Terminating Your Charitable Remainder Trust
By: Steven D. Anderson & Laurelle M. Gutierrez,
Carr, McClellan, Ingersoll Thompson & Horn
The rapid decline in personal wealth and in
the financial markets during the past year has caused many to regroup and to rethink the investments and actions
they took during much more prosperous times. For those people who created a charitable remainder trust, or CRT,
some may be considering ways to extricate themselves from those arrangements, either because they need the stream
of income from the CRT sooner rather than later, or because they know that others are in greater need of the trust
assets than themselves during this difficult time and want to accelerate the gift to the charitable remainder organization.
Fortunately, there are ways of terminating CRTs that can benefit both the individuals and the charities involved.
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Just Released: ONE: Innovation Through Philanthropy Spring 2009
In this issue, learn more
about the local organizations fighting to keep homeowners from losing
their homes in the cover story, "Keeping Doors Open" and read about "The Power of Corporate Philanthropy"
to enrich company culture and benefit the community through the words of NetApp CEO Dan Warmenhoven.
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