Sound Advice from Trusted Advisors
Attorneys Stephen Boyle and Nancy Oehler have combined more than 50 years of experience, each focusing their practice on estate planning, tax planning and trust administration. Both have provided Kern County clients with the guidance and professional expertise one would expect when making plans for the future. And together, they serve as dedicated board members at Kern Community Foundation.
So it is not surprising both Steve and Nancy agree that educating their peers and their clients as to the many benefits of Kern Community Foundation is a given. “In my role,” says Steve, a partner at the law firm of Clifford and Brown, “I get to help people do what they really want to do; I help them carry out their desires. Not everyone has considered making a charitable gift upon their passing,” he explains, “so when I have the opportunity talk to them about their passions, to present and develop the idea of giving, I can help them to carry out their wishes, which often leads to a gift that can benefit the community.”
“Many clients have already made a commitment to give to a certain charitable interest before I begin working on their estate plan,” explains Nancy, a partner in the law firm of Klein, DeNatale, Goldner, LLP. “Many are tax-motivated, and have been advised by their CPA or financial planner on donations. But leaving a lasting legacy may have never crossed their mind, yet when you present the idea, they think it’s a good one.”
Steve likes to explain to clients and peers alike that the charitable gifts people make throughout their life have been important to the day-to-day operations and expenses of those recipient organizations. “But the gifts that you leave at the time of your death are the type of things that can be placed away in a permanent fund that can help endow that charity or church. That’s the real benefit to giving through Kern Community Foundation; you’re making a gift with the intention that it will be forever,” he explains.
“I strongly encourage any of my peers or those who do advise clients on such matters to consider using the Kern Community Foundation as a tool to building a legacy,” Nancy adds. “Because the Foundation manages endowments, the intent is to grow the money so that the legacies can grow and continue in perpetuity.”
And while their clients often ask about starting their own foundation, working through Kern Community Foundation provides an easy alternative with simple gift planning, grant-making and investment solutions. Additionally, “utilizing Kern Community Foundation is a huge advantage to clients because setting-up a private foundation is very expensive and very time-consuming,” Nancy points out.
“It’s important for people who are charitably motivated to know that Kern Community Foundation provides the ability to create a fund without incurring the legal expense of forming their own foundation, so you now have the ability to carry out your philanthropic wishes without incurring a great deal of expense,” Steve adds. “And by using a community foundation, you are pooling together resources, in the billions of dollars, so there is a huge difference in the available investment options.”
Kern Community Foundation serves as a partner to nonprofit organizations from all over Kern County, helping to improve their operations and carry out their purpose more efficiently by being a source of funding. “The Foundation is intended to be an umbrella organization to assist others,” explains Nancy. “The Foundation knows community needs and local nonprofit organizations throughout Kern County, and offers a range of philanthropic services and charitable funds designed to serve our local region.”
Stephen Boyle and Nancy Oehler encourage others who advise clients in reaching their financial and philanthropic goals to learn more about the advantages of establishing a charitable fund at Kern Community Foundation. Established in 1999, the Foundation helps local donors practice smarter giving to achieve greater impact from their philanthropy. The organization holds individual, family and corporate funds valued at approximately $14 million, and offers a variety of giving options including scholarships and nonprofit endowments. The Foundation also accepts a wide range of assets, such as: cash, appreciated securities, real estate, life insurance, IRAs, partnership interests and bequests. For more information, call 661.325.5346 or visit www.kernfoundation.org.