Concord Equity Group Advisors, a provider of
outsourced wealth management solutions, has teamed with the National
Philanthropic Trust (NPT) to create a donor-advised fund.
The Independent Charitable Gift Fund will be made available to Concord's network of client advisors and institutions and will be administered under a partnership between Concord and the NPT.
NPT will administer the funds, review grant recommendations, and manage the technology and system processes to streamline program implementation, according to Concord.
"Charitable giving is a fundamental element of financial planning and an important addition to the services offered through our wealth management infrastructure," said Alan Gavornik, co-founder and executive managing director of Concord Equity Group Advisors. "The Independent Charitable Gift Fund provides institutions, advisors and investment representatives with the tools to do well by doing good through sophisticated, high-touch philanthropic services that will deepen their client relationships, while maximizing tax-efficient philanthropy."
The fund, with NPT's infrastructure, is designed to provide financial services companies a complete "private-label" giving program to their clients-from charitable fund creation and asset selection to grant recommendation and charitable distribution, according to Concord.
"NPT has expanded its philanthropic reach to a greater number of individuals interested in making charitable gifts, while Concord has instantly acquired the technical, nonprofit and operating knowledge necessary to get their program up and running in time for giving season," said NPT President Eileen Heisman.