2/2/2026
Retaining clients is a cornerstone of long-term business success, no matter the profession or industry. For professionals who work in estate, tax, and financial planning, this principle becomes especially important during delicate stages of engagement, such as planning for charitable gifts, estate planning, and engaging the next generation of the client’s family.
So how does charitable giving relate to client retention? Consider this:
- By bringing up charitable giving to your client, you demonstrate trust and loyalty that shifts beyond numbers to their family, and to their legacy.
- At some point, many clients are no longer focused on amassing more wealth; rather, they want to use that wealth to make an impact on what they care about. It’s not about getting richer; it’s about using that wealth for something good.
- Your relationship with your client shifts from the transactional, to the transformational. It shows your client they’re more than an account to you. It demonstrates that you care about their family, their life, and their legacy.
- Helping clients connect to giving enriches our collective community – whether locally, regionally, or even globally, adding incredible reach and deep meaning to your work on a broader community scale. What’s not to love about that?
- Talking about philanthropy often leads to conversations where families and the next generation can be included early on, leading to a higher chance of client and asset retention upon the original client’s passing. Opening up the conversation on charitable giving now can be truly beneficial because it naturally leads to discussions about legacy, priorities, and shared commitments across generations.
This is where the Community Foundation can be especially valuable. Our team helps advisors create opportunities for clients and their children to explore philanthropy together. You can encourage families to establish simple, effective giving vehicles through the Community Foundation—such as a donor-advised fund, designated fund, or field-of-interest fund—that make charitable participation accessible to every generation.
What’s more, we can be a resource to you - a local philanthropic expert to facilitate client and family discussions to help them identify focused areas of giving and find where they truly want to make an impact. These conversations are powerful. They deepen family identity, strengthen intergenerational ties, and can help advisors stay connected to the entire family for years to come.
Philanthropy provides a uniquely meaningful avenue to build trust, spark conversation, and ensure continuity. Please reach out anytime! We look forward to helping you keep your clients for many years to come!