Many of our clients have chosen charitable causes they want to support. Some clients are confident about how and when they donate. However others need advice. We recognise that planning for philanthropy can be challenging.
The questions people often want answered are:
We are passionate about philanthropy and can work with you on the whole journey to organised philanthropic giving. We explore your values and aims to provide clarity on the questions above.
We look at your investments to determine if you can afford to give and if so, how much and when. We look at the best way for you to give, such as direct donations, volunteering your time and/or expertise, establishing a private foundation, or setting up a donor advised fund.
We can work with our expert philanthropic partners to explore what areas or sectors are most meaningful to you and what you want to change. We can co-ordinate research into the entities or people within those sectors and how you can make a real positive impact. We can look at whether you want hands-on involvement or give a one-off earmarked donation or have active communications with the CEO or Board.
We can ensure your identity is protected from the organisations you support, if that is what you want.
For those who want a more structured approach to giving, we can set up a 'donor advised fund'. The fund is a tax-free investment portfolio that is managed alongside your other investments but is dedicated to charitable contributions.
It is an alternative to a private grant-making trust or foundation and reduces administration, compliance and costs. As soon as you put money into the account, you can claim the tax credit for donations.
One way to set up such a fund is through a partner of ours, nationwide charity, The Gift Trust.
The Gift Trust sets up donor-advised funds called 'Gift Accounts' through which our clients can donate to charities of their choice whenever they want. Bloomsbury Associates would manage the investments of your Gift Account while The Gift Trust does all the charity-related background work.
They undertake the due diligence on charities and, if needed, deeper research into a charity or sector. They can advise you on complex giving strategies and liaise with chosen organisations, for example you might want a scholarship in a family name or ensure a donation goes to a future capital project.Contact us to discuss how establishing a Gift Account alongside your Bloomsbury managed funds could assist your future giving.