How to Give

Professional Advisors

Overview

We are prepared to work closely with professional advisors from the legal, accounting, insurance, wealth management and planned giving communities, so they can best assist their clients who are interested in marine conservation.  You can assist your clients in their financial or testamentary goals, while we partner with you in helping them achieve their charitable goals and making sure that their charitable gifts make a difference.  This can be in the context of planning for their estates, selling a business or stock options, or managing an inheritance.

Whether your client is interested in giving through TOF, is considering direct gifts, or is simply exploring options, we are committed to assisting you and them.  Your client can transfer assets to The Ocean Foundation (including appreciated assets, real estate or other in-kind non-cash items).  This can be a current gift or a planned gift.

Small private foundations can be transferred to The Ocean Foundation.  A larger private foundation can contribute to a fund here at TOF (for example, for grants outside the private foundations’ primary focus)

Types of Funds

We offer flexible, effective, and rewarding ways to accomplish your client's philanthropic goals.

Your client can establish an endowment where the principal is invested and grants are made through interest, dividends and gains.  The minimum threshold for this is $2.5M.

Otherwise, non-endowment funds are moneys immediately available for granting.

Why Work With The Ocean Foundation

We offer specialized expertise in marine conservation philanthropy for your clients who care about the coasts and oceans.  We can identify grantees and projects around the world that will match your clients’ goals.  Furthermore, we handle the record keeping and reporting and provide your client with quarterly statements and acknowledgments of gifts and grants. And, this personalized service comes along with all the efficiency of scale and the normal philanthropic services of a community foundation including:

Investment Options

We work with Smith Barney, Citibank Wealth Management, and Merrill Lynch among other investment managers.  Investment fees are normally 1% to 1.25% of the first $1 million.  We are flexible in working with you and your client in selecting the best investment vehicles.

Our Infrastructure and Administrative Fee

Non-Endowed Funds

We charge a one time only 10% fee upon receipt of assets from the donor for non-endowed accounts (those less than $2.5M). In addition for any non-endowed accounts we retain the interest earned, which is used to defray TOF’s administrative expenses, helping us to keep our fees low.

Endowed Funds

We charge a one time set up fee of 1% upon the receipt of assets from the donor for endowed accounts (those of $2.5M or more).  Endowed account retain their own interest earned, dividends or gains to be used for grantmaking.  The annual administrative fee is the greater of: 50 basis points (1/2 of 1%) of average market value, or 2.5% of grants paid.

For More Information

Contact our President, Mark J. Spalding mspalding@oceanfdn.org.

Your Due Diligence Center

Planned Giving Bequest Samples

Download The Ocean Foundation tax-exempt status letter

Visit our GuideStar and Charity Navigator listings

Click here for our newsletter, President’s notes, and TOF authored/published articles

Downloadable Gift of Appreciated Stock form

The Ocean Foundation's annual reports

Public version of Form 990

Audited Financials

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