into his case and pulled out a folder. “I’ve already spoken to my lawyers and set aside the funds for initial start-up costs, licenses and fees, and recruiting my board. Kara, I’ve heard you’re heavily involved in the September’s Families Guild. I want Marnie’s Love to operate on a similar basis.”
She winced. September’s Families had saved her after she lost her mother. She’d been a steady supporter and had volunteered countless hours to the cause. Since Nadia’s birth, Kara’s involvement had dwindled to almost nothing. These days, Elena devoted much of her free time to the cause, along with her new husband. “SFG is a non-profit foundation, Mr. Saxon. We could go that route but have you considered a donor-advised foundation instead?”
“You’re not the first to suggest a DAF but I don’t know much about them. What’s the advantage?”
“Immediate tax benefits plus it’s much easier to establish and manage from an administrative standpoint,” Kara responded. “We find a fiscal sponsor partner—an existing charitable non-profit who does all the heavy lifting. You set aside the funding and the plan for distributing those funds and the partner takes care of disbursing money according to the terms you specify. It could be to a single charity or numerous ones doing the kind of research you want to support.”
Kara’s cell phone buzzed. A quick glance at the screen and her heart twisted. “I’m sorry. I have to take this.” She answered the call without waiting for a reply from either gentleman. “Elena? What’s wrong?”
“Hi, Kara. Nadia has a fever. It’s 101. She has no other symptoms. I even checked her for rashes.”
Fever? She didn’t have a fever yesterday. Does croup cause fevers? Maybe it was her teeth. “Okay. Give her a dose of the baby acetaminophen and watch her. In three hours, if she’s still feverish, give her the ibuprofen dose, too.”
“Okay. Got it.”
“Thanks, Laney.”
When she ended the call, Kara found both men watching her, wearing twin looks of concern.
“Kara, you have a child who’s ill?”
She nodded. “Yes, Mr. Saxon. My daughter had to be rushed to the hospital last night. She’s doing much better today—or she was, until now. Apparently, she’s now running a fever.”
“How old is she?”
Kara reached for her phone again, tapped the screen and showed him a picture of Nadia she’d snapped just the other day. “Eighteen months old on the twenty-first. Her name’s Nadia.”
“Nadia,” he echoed. “How beautiful.” He stood up, gathered his papers and handed her the folder. “Go home, Kara. Take care of your daughter. This will wait until you’re ready.”
Touched, Kara nodded. “Thank you, sir.”
He stood up, coffee cup in one hand, case in the other. “Jonathan, thank you for arranging this meeting. Kara, I look forward to working with you. Keep the file. I want to know more about the DAF option you suggested.”
“I’ll find you a list of potential sponsors and we’ll go from there,” Kara agreed.
Mr. Saxon shook their hands and opened the office door. In the open space, he turned back. “Kara, I’ve got a car waiting for me outside. Happy to drop you wherever you need to be.”
Kara shot an anxious glance toward her boss. It wasn’t entirely appropriate but it would save her time. “Are you sure it’s no trouble?”
“I wouldn’t have offered if it was.”
Grateful, she nodded and began collecting her belongings and five minutes later, was sitting in the rear of a comfortable SUV with tinted windows. Quickly, she gave Mr. Saxon’s driver her address and settled back with a sigh. It was the first time she’d relaxed that day.
“I like the donor-advised foundation idea,” Mr. Saxon said. Before Kara could respond, he added, “I like even more that you were willing to put my goals for this fund before your own need for commission.”
Ah. Kara nodded. He’d spoken to other advisors then. She’d
She winced. September’s Families had saved her after she lost her mother. She’d been a steady supporter and had volunteered countless hours to the cause. Since Nadia’s birth, Kara’s involvement had dwindled to almost nothing. These days, Elena devoted much of her free time to the cause, along with her new husband. “SFG is a non-profit foundation, Mr. Saxon. We could go that route but have you considered a donor-advised foundation instead?”
“You’re not the first to suggest a DAF but I don’t know much about them. What’s the advantage?”
“Immediate tax benefits plus it’s much easier to establish and manage from an administrative standpoint,” Kara responded. “We find a fiscal sponsor partner—an existing charitable non-profit who does all the heavy lifting. You set aside the funding and the plan for distributing those funds and the partner takes care of disbursing money according to the terms you specify. It could be to a single charity or numerous ones doing the kind of research you want to support.”
Kara’s cell phone buzzed. A quick glance at the screen and her heart twisted. “I’m sorry. I have to take this.” She answered the call without waiting for a reply from either gentleman. “Elena? What’s wrong?”
“Hi, Kara. Nadia has a fever. It’s 101. She has no other symptoms. I even checked her for rashes.”
Fever? She didn’t have a fever yesterday. Does croup cause fevers? Maybe it was her teeth. “Okay. Give her a dose of the baby acetaminophen and watch her. In three hours, if she’s still feverish, give her the ibuprofen dose, too.”
“Okay. Got it.”
“Thanks, Laney.”
When she ended the call, Kara found both men watching her, wearing twin looks of concern.
“Kara, you have a child who’s ill?”
She nodded. “Yes, Mr. Saxon. My daughter had to be rushed to the hospital last night. She’s doing much better today—or she was, until now. Apparently, she’s now running a fever.”
“How old is she?”
Kara reached for her phone again, tapped the screen and showed him a picture of Nadia she’d snapped just the other day. “Eighteen months old on the twenty-first. Her name’s Nadia.”
“Nadia,” he echoed. “How beautiful.” He stood up, gathered his papers and handed her the folder. “Go home, Kara. Take care of your daughter. This will wait until you’re ready.”
Touched, Kara nodded. “Thank you, sir.”
He stood up, coffee cup in one hand, case in the other. “Jonathan, thank you for arranging this meeting. Kara, I look forward to working with you. Keep the file. I want to know more about the DAF option you suggested.”
“I’ll find you a list of potential sponsors and we’ll go from there,” Kara agreed.
Mr. Saxon shook their hands and opened the office door. In the open space, he turned back. “Kara, I’ve got a car waiting for me outside. Happy to drop you wherever you need to be.”
Kara shot an anxious glance toward her boss. It wasn’t entirely appropriate but it would save her time. “Are you sure it’s no trouble?”
“I wouldn’t have offered if it was.”
Grateful, she nodded and began collecting her belongings and five minutes later, was sitting in the rear of a comfortable SUV with tinted windows. Quickly, she gave Mr. Saxon’s driver her address and settled back with a sigh. It was the first time she’d relaxed that day.
“I like the donor-advised foundation idea,” Mr. Saxon said. Before Kara could respond, he added, “I like even more that you were willing to put my goals for this fund before your own need for commission.”
Ah. Kara nodded. He’d spoken to other advisors then. She’d
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