An Alliance Boosting Local Philanthropy While Serving Clients
The firm is known for offering personalized financial advice, with a focus on helping clients meet their goals.
Aryanna Gharanfoli, a senior associate at Chilton Trust, works closely with clients and advisors on financial planning, estate planning, tax strategies, and charitable giving.
“A lot of clients, and people in general, appreciate giving back to something local where they can see their dollars put to work,” Gharanfoli said. “And so, by partnering with organizations like the Community Foundation, they can see the direct impact of their donations and know that their contributions are actually addressing critical needs right here at home.”
One tool to accomplish that is the foundation’s donor-advised funds. Chilton Trust and the Community Foundation work together to ensure these funds are invested wisely while aligning with clients’ philanthropic goals.
“The process begins with an in-depth conversation with the client to understand their passions and the causes closest to their heart,” Gharanfoli said. She noted that many of these causes are local, which aligns with the Community Foundation’s mission to address needs in the community.
The donor-advised funds allow clients to make grants to charities immediately or over time, which makes planning their philanthropy easier. “It not only gives them that immediate tax benefit but also gives them the flexibility they need to execute their philanthropic goals on their own terms,” Gharanfoli said.
The Community Foundation helps guide clients in making impactful grant decisions, especially when donors feel overwhelmed by the number of charitable organizations.
Gharanfoli explained that clients appreciate the more personal approach and the support from both Chilton Trust and the Community Foundation.
As the end of the year approaches, Gharanfoli advises clients to review their tax liabilities and consider using donor-advised funds to offset them. But the tax benefit isn’t the only focus. “I always start with what their overall, three-, five-, or ten-year plan is,” she said. “The key conversations are about aligning financial planning with their charitable intentions.”
In addition, donor-advised funds also help clients stay organized, especially those who make multiple charitable grants throughout the year. Instead of managing numerous tax receipts, clients receive one document for their donation to the fund.
“It helps from an organizational perspective, serves as an effective tax strategy, and it empowers clients to achieve their long-term philanthropic goals,” Gharanfoli said.
Gharanfoli highlighted the lasting impact of donor-advised funds, especially as clients involve their families. “There’s something beautiful about watching clients collaborate with the next generation, being involved with the community, and making a positive difference in the world,” she said.
Disclaimer: Any decisions relating to tax matters should be discussed with a professional advisor.
