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Friday, August 02, 2002

Franklin Launches Donor Fund

by: InvestmentWires Staff, 

Franklin Templeton has launched the Franklin Templeton Charitable Giving Fund. The donor-advised fund that allows financial advisors to provide their clients with a vehicle to make future grants to charitable organizations while benefiting from an immediate income tax deduction on contribution of cash or appreciated securities.

The fund is distributed through the company's nationwide network of third party financial advisors.

GivingCapital is providing the technology, infrastructure and system processes to streamline implementation and ensure the quick and effortless delivery of charitable grants.

"Our move to launch the fund now is in response to an increasing demand from financial advisors to have access to diversified financial services that include a charitable giving option," explained Peter Jones, president of Franklin Templeton Distributors. "The new Franklin Templeton Charitable Giving Fund Fulfills this need by providing a highly tax-efficient vehicle for charitable gifts that gives investors direct involvement in supporting philanthropic organizations of their choice."

Investors can allocate their assets among four investment strategies: CoreFolio, Growth & Income and Fixed Income, as well as a "Create Your Own" option through which investors and their advisors can assemble a customized strategy from a group of 11 select Franklin Templeton Funds.

National Philanthropic Trust is also supporting the product.  

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