What Is the Individually Managed Charitable Accounts Program?
Our Individually Managed Charitable Accounts (IMCA) program is a win-win for you and your client. Your client can use their donor advised fund to support the causes they care about, and you, as the trusted advisor can manage their charitable assets after they’ve been donated to their charitable fund. Both you and your client will have access to a knowledgeable staff of professionals who strive to empower your clients to become organized and efficient with their philanthropy.
How Does It Work?
The Community Foundation Tampa Bay conducts a due diligence process on new accounts, including asset allocation review.
Once approved, the Community Foundation opens a new corporate account with the investment firm.
A new donor advised fund or family foundation is opened in 10-20 minutes and is ready to receive charitable donations.
Assets are then transferred to the investment firm to manage (managers collect investment fees and post returns net of these fees).
The Community Foundation administers grants from your fund to your preferred charities (local or national).
On a quarterly basis, the Community Foundation notifies the investment firm of grants distributed from the fund.
The donor and the investment manager have online access to the donor advised fund.
The donor may use their fund for the charitable component of their estate plans, thereby necessitating the need for their investment manager to manage these assets after they pass.
Individually Managed Charitable Accounts Video
Our philanthropic expertise partnered with your investment expertise.
Clients formally initiate the process of establishing an Individually Managed Charitable Account by recommending an investment advisor of their choice to manage their charitable fund. Advisors retain client relationships with the goal of growing the assets available for their philanthropy.
Our clients have a passion for making a positive difference through their charitable giving. The Community Foundation Tampa Bay connects their passion with purpose.
Geoffrey A Simon
Managing Director
Senior Vice President, Investments
Simon & Associates Wealth Management of Raymond James
James R. Stanger, M.S., AEP, CRPC, ChFC
Certified Financial Planner
Simon & Associates Wealth Management
of Raymond James
The donor advised fund offers a convenient, versatile way to make charitable contributions when and how you choose. Think of it as a charitable checking account: You make an initial donation and claim the maximum tax benefits allowable by law. Then you decide which nonprofit organizations you want to support with grants. Add to the fund anytime you want with cash, stock or other assets.
Krista Hinrichs
Wealth Services Advisor,
The Tampa Bay Trust Company
Community Foundation Tampa Bay has been growing philanthropy in Hillsborough, Pinellas, Pasco, Hernando and Citrus counties since 1990. Whatever good you are inspired to do, we are here to help you do it.
EIN# 59-3001853
“Community Foundation Tampa Bay” is registered in the U.S. Patent and Trademark Office.
COMMUNITY FOUNDATION TAMPA BAY IS A PUBLIC CHARITY RECOGNIZED AS A TAX EXEMPT ORGANIZATION BY THE IRS UNDER SECTION 501(C)(3). COMMUNITY FOUNDATION TAMPA BAY MEETS ALL REQUIREMENTS SPECIFIED BY THE FLORIDA SOLICITATION OF CONTRIBUTIONS ACT. A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE (800-435-7352) WITHIN THE STATE OR VIA THE INTERNET AT https://www.fdacs.gov/Divisions-Offices/Consumer-Services. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE. THE FOUNDATION’S STATE REGISTRATION NUMBER IS CH793.
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Suite 700
Tampa, FL 33607
Phone: 813.282.1975
Fax: 813.282.3119
110 Central Ave.
St. Petersburg, FL 33701
Phone: 727.777.5858
