Philanthropy

We make a living by what we get. We make a life by what we give.
- Sir Winston Churchill

Family and Individuals
Foundations

Family and Individuals
Along with securing a legacy, providing education for their children, saving for retirement and preparing for potential medical expenditures, many of our clients are interested in making a commitment to give back to their community.

At Ackler Wealth Management, we can help you approach these commitments and goals by discussing the various forms of philanthropy. Whatever is close to your heart, whether it is your community, the arts, education or the environment, we can incorporate that into your investment strategy.

With private foundations, donor-advised funds and individual gifts, we can help you transform your philanthropic desires into a legacy that matters to you.

Through our firm's affiliate, Wachovia Trust, we have access to the following expertise and services:

• Charitable Remainder and Charitable Lead Trusts
• Valuations of trust assets
• Detailed annual summaries to assist your tax preparers in preparing your tax return
• Statement of transactions and investment analysis

We also are proud to offer investment, administrative and brokerage services for the non-profit community.

Trust services are offered through Wachovia Bank, National Association, a national banking association (chartered by the Office of the Comptroller of the Currency) and a wholly owned subsidiary of Wachovia Corporation. Wachovia Securities does not provide tax or legal advice. Please consult with your tax advisor before taking any action that may have tax consequences.

Foundations
Each non-profit organization has its own unique mission, yet most share the common goals of benefiting individual and strengthening communities. The accomplishment of these laudable goals depends on foundations and endowments creating thoughtful and strategic asset management plans. Additionally, for those entrusted with fiduciary responsibility, the term "prudent" has special meaning, and laws require trustees to exercise the care and prudence of a competent investor.

We begin by working with trustees to succinctly define their charitable goals and make a realistic assessment of current and future resources. Depending on your needs, we use this understanding of your circumstances to develop a sustainable budget. For most foundations, this means a spending policy designed to be maintained indefinitely without depleting endowed assets. Once your budget has been settled, we set upon the process of growing and protecting your foundation's legacy.

We believe the development and review of an investment policy statement is the single most important step on organization can take to achieve success. It is the blueprint for the entire investment program and establishes guidelines for all investment-related activities. A written investment policy statement defines realistic financial targets, performance measures, appropriate investments, and review processes. Furthermore, when we recommend investments and strategies we are guided by the use of:

• Unbiased opinions
• Rigorous due diligence
• Appropriate advisors and managers
• Thorough and understandable performance attribution