Copy
  View this email in your browser
SFF logo
   PARTNER WITH US             CONTACT

PROFESSIONAL ADVISORS NEWSLETTER

August 2021

This summer, we are facing ongoing uncertainty as the Delta variant spreads in the US. What hasn’t wavered, however, is the disproportionate impact that COVID has had on communities of color, from cases and casualties to evictions and employment. 

Since we opened our doors more than 70 years ago, the San Francisco Foundation has stepped up to meet the Bay Area’s biggest challenges. And the moment that we are in – a global pandemic combined with a racial reckoning – is no exception.  
 
We are using all of our tools and partnerships, including those with donors and professional advisors, to reimagine and rebuild an inclusive Bay Area. We invite you to learn more about our work below, and to reach out to us with any questions. 

Pamela Doherty 
Senior Director of Gift Planning 
pdoherty@sff.org

Stephanie Dustman

Planned Giving Officer
sdustman@sff.org

Investments: A Core Tool for Racial Equity

As Senior Director of Investments at the San Francisco Foundation, Mark Doherty sees the financial repercussions of our country’s racist legacy. While two-thirds of white families invest in the stock market, only one-third of Black families do so. Only 1.3% of assets under management globally are overseen by firms that are majority-owned by women or people of color. As a community foundation, SFF combats these inequities through our grantmaking, our work with donors, our policy advocacy — and the ways we invest the funds that have been entrusted to us, including our endowment.

READ MORE

Please join us in welcoming four new members to SFF’s Professional Advisors Council! 

Members of the Council advise the foundation in its efforts to offer highly effective approaches to charitable giving and to establish and strengthen relationships with donors and other professional advisors throughout the region.

LEARN MORE

Gifts of Cryptocurrency 

As cryptocurrency profiles rise in the marketplace, your clients may have asked about the possibility of using crypto holdings as part of their giving plans. In many ways, advising clients on this topic is similar to advising clients on gifts of any highly-appreciated asset. The IRS has issued guidance for charitable gifts of cryptocurrency, including confirmation that the usual rules apply for a “contemporaneous written acknowledgment,” even though cryptocurrency is treated and reported by the charity as a non-cash gift.  

The San Francisco Foundation currently accepts the following cryptocurrencies through our payment platform BitPay: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), 4 USD-pegged stablecoins (GUSD, USDC, PAX, and BUSD), and Ripple (XRP). If your client would like to donate other cryptocurrencies, please contact us to confirm if we can accept them. Contact us to learn more!

Website
Facebook
Twitter
LinkedIn
YouTube
San Francisco Foundation
One Embarcadero Center, Suite 1400 |  San Francisco, CA 94111 | 415.733.8500 | sff.org