Summary of Services 

Friends Fiduciary Corporation offers coordinated gift administration, custody of assets and investment management, guided by Friends Fiduciary’s socially responsible investment guidelines, for charitable gift annuities and remainder trusts

Calculations can be provided to assist donors, illustrating the benefits of a charitable gift annuity or trust (or a comparison of both). As well, an informational brochure and application form are available for those who do not have their own materials. FFC can accept cash or publicly-traded securities to establish a planned gift. If a donor has a gift of real estate or other assets, FFC has partnered with Mennonite Foundation who can work with the donor.

FFC can help you build your planned giving program by freeing you from the burden of complex administration and allowing you to concentrate on identifying and cultivating donors. We currently service two types of gift vehicles: charitable gift annuities and charitable remainder trusts.

 Charitable Gift Annuities

As the issuer of the annuity FFC bears the responsibility for:

  All future annuity payments

  Donor’s tax benefit calculations

  Administration of the annuity contract

  Preparation and distribution of all annuity payments

  Annual calculation of the required reserves

  Investment of the gift

  Registration in all required states

  Annual reports in all required states

  Termination calculations and payout of the remainder upon the death of the annuitant

Our program offers an additional benefit to donors who wish to set up annuities to benefit more than one Meeting or Quaker organization. Depending on the size of the gift, a donor may set up one annuity to benefit these charities, rather than repeating the process for each.

Charitable Remainder Trusts

As trustee for the charitable remainder trust FFC bears the responsibility for:

  Preparation and distribution of all future income payments

  Preparation of the required trust tax filings

  Investment of the trust

  Payout of the remainder upon the death of the income beneficiaries

Fees

Charitable Gift Annuities carry no direct fees for donors or organizations. The charitable gift annuity asset pool is charged an annual fee of 1.4%. In addition, investment management, bank custodial and administration expenses are also deducted directly from the asset pool. Total fees average less than 2% on an annual basis. A separate fee schedule is available for Charitable Remainder Trusts.