Cardinal Capital Management
Company News

Cardinal Capital Partners with TCF

Offers Clients Enhanced Charitable Giving and Tax Planning Tools

Research Triangle Park, N. C. (January 29, 2007) – Cardinal Capital Management, a Raleigh-based financial advisory firm, has entered into a partnership with the Triangle Community Foundation, an organization that connects philanthropic resources with community needs.

Under the terms of the partnership, the firm’s clients can establish donor-advised funds at the Foundation while continuing to have Cardinal Capital manage those assets until they are directed to charitable causes the client recommends.

Using appreciated securities, cash, real estate, closely-held stock or other assets, clients can make a charitable contribution into a fully invested donor-advised fund which will be tax-deductible in the year of gifting.

“Each year many of our clients make charitable gifts with appreciated securities, and this partnership will help ensure everyone receives the maximum benefit for that generosity,” noted Glenn Andrews, President, Cardinal Capital Management.

Andrews added, “The donor avoids capital gains taxes, the portfolio manager can make portfolio adjustments without tax consequences and the receiving charity frequently receives a larger gift than they might otherwise.”

“We’re pleased to add Cardinal Capital to the roster of Foundation partners,” said Andrea Bazán-Manson, President, Triangle Community Foundation. “It’s heartening to see the personal commitment they’ve made to increasing philanthropy in the region. We look forward to working closely with Cardinal to inform their clients about the many charitable giving options open to them.”

About Triangle Community Foundation:
Founded in 1983, Triangle Community Foundation (TCF) connects philanthropic resources with community needs, creates opportunity for enlightened change and encourages philanthropy as a way of life. The Foundation manages nearly 570 donor-advised funds, ranging in size from $10,000 to $10 million, primarily for the benefit of Wake, Durham, Orange and Chatham counties in North Carolina. With assets nearing $110 million, Triangle Community Foundation gave more than $11.3 million in grants to nonprofits, schools and community efforts last year, raising the total value of grants made since the Foundation’s inception to nearly $100 million. Additional information about Triangle Community Foundation can be found at www.trianglecf.org.

About Cardinal Capital Management:
Cardinal Capital is an independent, fee-based, SEC-registered investment advisory company located in Raleigh. The firm’s clients include professionals, business executives, business owners, retirees, and other individuals who value a high level of experience, expertise, attention to detail and personal service. More information is available at www.cardinalcapitalmanagement.com.

For more information, contact:
Paula Dickerson, Director of Communications
Tel: (919) 474-8370 ext. 125
paula@trianglecf.org