Commonwealth Starts Foundation To Focus Its Advisors' Community Charity Activities

Friday, March 11, 2011 00:09
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Commonwealth Starts Foundation To Focus Its Advisors' Community Charity Activities

Tags: philanthropy

Commonwealth Financial Network has opened a new foundation, the Commonwealth Cares Fund, to give its 1,400 reps a new way to give back to their local communities and the world.

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At the moment, it seems like the foundation is focused on national causes that can harness the efforts of the entire network -- the first program associated with it is an internal charity that gives morale-boosting hats to kids undergoing chemotherapy.

 

Still, there's a promise that Commonwealth Cares will "support advisors' charitable efforts" as well. Whether this means some sort of matching program, a mechanism for nominating a cause, or something else remains to be seen.

 

Commonwealth will shoulder the miscellaneous costs of running the foundation, letting it pass on 100% of its assets to its people and causes who need help.

 

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