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American Funds now offers a special benefit to financial advisors who are licensed to sell mutual funds and refer clients to The Community Foundation of the New River Valley. If a donor chooses to establish an endowment here but have the foundation invest the donated assets in American Funds, American Funds will pay an upfront "broker" fee to the broker of record and trailing (12(b)-1) fees for as long as the foundation continues to invest those assets with American Funds. How it works: Any financial professional (licensed Series 7 or 6) who uses American Funds may refer a client to The Community Foundation of the New River Valley to set up a permanent endowment. The client donates tax deductible asset to The Community Foundation of the New River Valley to establish the fund. The Community Foundation of the New River Valley owns the assets but contracts with American Funds Group (AFG) to manage them in accordance with the Foundation's investment policies and asset allocation model. The benefits to your clients: Tax benefits of charitable planning. Expert counsel in charitable giving. Access to all of the Foundation charitable products and services. The joy of "giving something back" to the community. The benefits to you as a financial advisor: Advisor adds charitable planning to his/her repertoire of services. Up-front "broker" fee (paid by AFG) - 1% on the first $4 million held by the Foundation; 50 basis points on the next $6 million held by the Foundation; 25 basis points thereafter. Trailing fees (12(b)-1 fees). The Community Foundation of the New River Valley P.O. Box 6009 Christiansburg Virginia 24068 Telephone: 540 381 8999 Email: cfnrv@cfnrv.org HOME ABOUT US OUR GRANTS SCHOLARSHIPS HOW TO GIVE FOR ADVISORS NEWS CONTACT US