Advisor Richard Jones may have been born in Cleveland, Ohio, but moving to Los Angeles felt like coming home. “I think I was an Angeleno the moment I stepped off the plane,” he said. For more than 26 years, Richard has helped clients in Los Angeles do more than just manage their money. As a private wealth advisor with Merrill Lynch’s Jones, Zafari, Klein, Tournat & Castagnola Group, he also strives to help turn charitable passions into reality. “We want to find out what’s important to you and amplify the benefits of your giving,” Richard said. “And the California Community Foundation can help with that.”
Dealing with the burdens of investment management, board governance and legal compliance, clients often find having a private foundation is like running another business. But by establishing a Donor Advised Fund (DAF) at CCF, Richard’s clients can get back to the joy of giving while letting CCF handle those time-consuming financial and administrative requirements. DAFs put clients back in control of their philanthropy, allowing them to make grants on their own timeline and to make anonymous gifts. Most importantly, clients get access to CCF’s staff, who provide the same level of one-on-one services they receive from Richard’s team. “Whether it’s establishing a mission statement or just better identifying what your charitable goals are, CCF has tremendous resources,” he said.
CCF partners with hundreds of professional advisors to craft efficient and effective giving solutions and services tailored to meet their clients’ goals. Our century of experience and expert staff allow us to streamline the process and maximize the impact of gifts. And unlike a private foundation, CCF can often offer clients the most favorable tax treatment – particularly when contributing real estate, closely held stock, LLC interests or other complex assets. Through our Charitable Asset Management Partnership (ChAMP), Richard’s clients can combine his team’s investment expertise with CCF’s giving expertise. “My clients are comfortable with how we manage their money, but they’re also philanthropic,” Richard said. “By establishing this fund, they can continue to enjoy our investment management services while housing the funds with the community foundation.” Richard has been in the business for nearly 40 years, and what keeps him coming back is seeing clients discover their own passions. “What’s so great about my job is having a real impact on the community,” he said.
• A full range of client services, including:
- Recommending their investment advisor for management of their CCF fund through ChAMP
- Custom-made research on local, national or international charities
- Meetings with community leaders and visits to charities
- Establishing or refining giving plans tailored to client goals
- Identifying emerging giving opportunities
- Engaging family members in giving
- Continuing education opportunities
- Access to a team of charitable giving experts