Philanthropy
As our client’s wealth expands we are sometimes asked to assist in the thought process, planning and then structuring of potential charitable giving. We firstly however help our clients to understand how much of their wealth they will need to ring-fence so that they will be secure for the rest of their lives and so that they can provide where appropriate a legacy for their children and beneficiaries.
The amount that any individual wants to gift is very personal to them and can range from a few thousand pounds to something much more substantial. Through careful planning we can help those individuals structure those gifts in the most efficient way for the recipient and also for the donor.
No act of kindness, however small, is ever wasted.
– Aesop
We will work with legal and tax advisers to then assist in the structuring and timing of any potential giving as well as taking into account the level of involvement that our clients require. We can also introduce to organisations that specialise in charitable work should there be no particular cause that is immediately close to them.
In putting together a gifting strategy a client will first need to establish what their personal and charitable objectives might be and also decide what they would like to achieve with their charitable giving. A gifting programme can then be devised that is affordable and that can take into account the amount to allocate and also the time period over which the gifts are to be made.
Guidance will then be required as to how any giving can be completed tax efficiently so that it dovetails with the rest of a client’s estate and financial affairs. If not already done so, suitable charities will need to be identified and chosen based on their stipulated interests and objectives. Lastly it is important to ascertain how much involvement a client wishes to have from a human as well as financial perspective and also the success of how the gifting can be measured.
Grant Williams (@ttmygh) goes West to sit down with Evergreen GaveKal CIO, David Hay and talk all things relationsh… https://t.co/FCMnr0auNO
Discarding Sudan’s main official language has yet to heal the country's deeply-set schisms. https://t.co/TrZdKlpYb2
More than 600 people remain unaccounted for since the Camp Fire ignited last Thursday https://t.co/cNbzpJwpuh
I suspect we’re all about to be reminded that in a free media market, a newspaper’s views tend to reflect their cus… https://t.co/Hu9OMLtiQ7
The 2018 elections marked the fourth midterm since World War II that the president’s party lost ground in the House… https://t.co/fMtf0R3m2Q
Would you be willing to host something that risks provoking Donald Trump's anger? https://t.co/DSZNXjGCJV
If you’re in charge of the company and your excuse is “I didn’t know what was going on,” maybe you shouldn’t be in… https://t.co/JNrPbZwQsk
Taxes, trade and a troubled Brexit. That and more in the Real Time Economics newsletter. https://t.co/cKKOJIIVE3
RT @emilyekins: What Americans Think about Birthright Citizenship https://t.co/9d80x6McMW via @CatoInstitute
Would you be willing to host something that risks provoking Donald Trump's anger? https://t.co/mdnkbvjWzU via @bopinion
Hockney painting sells for record-breaking $90 million https://t.co/CxYfTC6h86 Via @ReutersTV https://t.co/RARk29mdca
“Osman Kavala ile hiyerarşik ilişki içinde oldukları” gerekcesiyle. Artik soyleyecek sey bulamiyorum. https://t.co/momDpIMV3V
U.S. investigators approach Deutsche Bank, BofA, JPM in Danske probe: Bloomberg https://t.co/IbSmSSnudr https://t.co/AGanUsUPNa