The Rhode Island Foundation now permits new endowment holders to request American Funds as an investment option. You should contact your stockbroker (any financial professional licensed Series 7 or 6) to guide you through the transaction. You should also understand that American Funds offers stockbrokers a financial incentive when his or her client chooses that option. The final disposition of assets nonetheless remains the Foundation’s choice.

How it works:

• Any financial professional (licensed Series 7 or 6) who uses American Funds can refer a client to The Rhode Island Foundation (RIF) to set up a permanent endowment.   
• The client gifts tax-deductible assets to RIF to establish the fund.  
• RIF 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.

Benefits to you:

• 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.