|[February 27, 2014]
First Foundation Announces Las Vegas Winners of $1 Million Nonprofit Initiative
LAS VEGAS --(Business Wire)--
First Foundation today announced that it has chosen three local
nonprofits - the Grant a Gift Autism Foundation, The Las Vegas
Philharmonic and the Nevada Blind Children's Foundation - as Las
Vegas-area recipients of the company's "Supporting Our Communities"
initiative. The announcement was made in conjunction with the grand
opening of First Foundation's Las Vegas office, located at 6725 Via
Austi Parkway, Suite 100, which provides a full suite of investment
management, wealth planning, consulting, insurance, trust and banking
As part of the announcement, Lianne Nishida-Costello, regional
representative for U.S. Sen. Harry Reid (D., Nev.), and Ken Minster,
staff assistant of Rep. Joe Heck (R., Nev.), attended the event and
awarded each of the recipients a certificate of recognition.
Supporting Our Communities
First Foundation's "Supporting Our Communities" program is designed to
enhance the organizational strength and capacity of local charities. The
Company selects 20 charities each year, located throughout its service
areas, to receive a combination of cash grants and in-kind consulting
services, the combined value of which is $1 million over two years. Each
program provides each selected nonprofit organization with a cash grant
of up to $5,000 to be applied to implement any of its capacity-building
programs, as well as up to 20 hours of consulting services or
interative workshops and seminars, selected by the recipient.
These three Las Vegas-area organizations are the recipients of the 2014
Supporting Our Communities award:
Grant a Gift Autism Foundation - The foundation helps children,
youth and their families fight Autism.
The Las Vegas Philharmonic - The Philharmonic has provided live
symphonic music at the highest artistic standards of performance for
the residents of Southern Nevada.
Nevada Blind Children's Foundation - The foundation provides
the essential building blocks for children who are visually impaired
and their families through extended educational curriculum,
provisioning blind-specific technology, transitional skills programs
and social activities.
"First Foundation is honored each year to work with a wide range of
local nonprofits that benefit our communities in a meaningful way," said
Doug Freeman, senior managing director. "We are pleased to expand the
program into the Las Vegas area this year."
"Nevada offers unique estate planning opportunities that do not exist in
many states, including California," said Scott Kavanaugh, CEO of First
Foundation. "Two primary examples are Nevada asset protection and
dynasty trusts. In an environment where high taxes seem likely to
continue, these types of trusts can be powerful tools to preserve and
protect family wealth over several generations. This has been
particularly important to our clients in the highest tax brackets. Now,
with Nevada trust powers, we believe we have a strong alternative that
fits these clients' needs."
The Nevada team is comprised of long-time Nevada residents who average
more than 20 years of financial services experience:
Melani Shanks, Vice President, Private Banker - Trust. Ms. Shanks
provides trust administration for individuals, families and private
foundations in Nevada.
Viola Hill, Vice President, Private Banker. Ms. Hill is responsible
for the private banking needs of Nevada clients.
Robert Hoffman (News - Alert), Managing Director. Responsible for the investment and
financial planning needs of our Nevada clients.
First Foundation Inc. is a wealth-management and private-banking firm
whose mission is to enhance the wealth and well-being of its clients.
First Foundation Inc. provides two separate and distinct services: (1)
investment advisory services through First Foundation Advisors, as an
SEC (News - Alert) registered investment adviser, and (2) banking, trust and insurance
services through First Foundation Bank. First Foundation's offices are
located in Irvine, Newport Beach, Los Angeles, Pasadena, San Diego, Palm
Desert, the Imperial Valley and Las Vegas.
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