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.