February 2018 | Author: John Canady
The recent changes in the US tax code have made it more important than ever for tax advisors and their clients to discuss and plan charitable giving.
January 2018 | Author: John Canady
Donor-advised funds (DAFs) are a well-established vehicle for philanthropy in the United States – where contributions to DAFs reached $23.27 billion in 2016 – and their popularity in the UK is growing. While they serve a similar purpose to foundations (and offer similar tax benefits), there are important differences between these charitable giving vehicles. In this post, we outline some of the main factors to consider when advising clients on which vehicle is best suited to their needs.
December 2017 | Author: John Canady
From the days of Dickens to today’s TV adverts and social media, we are bombarded with messages of charity around the holidays – welcome reminders that the spirit of the season is not just consumerism, but giving. How can you make your money work best for the causes you care about – in the New Year and beyond?
November 2017 | Author: John Canady
This week, National Philanthropic Trust UK published its second annual UK Donor-Advised Fund Report, showing that in 2016 the market continued to enjoy impressive growth.
October 2017 | Author: John Canady
We are entering a new dawn in the age of ‘big philanthropy’, where long-established names from the Gilded Age such as Rockefeller and Carnegie are being eclipsed by a new breed of ultra-wealthy megadonors – people like Mark Zuckerberg, Bill Gates, George Soros, Li Ka-Shing, Azim Premji, and Sulaiman Abdul Aziz Al Rajhi. And with this changing of the guard, we are seeing not just broader (often global) goals in philanthropy, but new ways of investing such enormous sums.
September 2017 | Author: John Canady
Talking to clients about their charitable giving is often a ‘no-go’ area for wealth advisors, particularly in the UK. Many advisors consider it unseemly or intrusive to ask clients about their private giving. Although they wouldn’t phrase it this way, others worry that if they bring up giving, the client will divest assets to fund their philanthropy.
August 2017 | Author: John Canady
Many global philanthropists are re-visiting the conventional wisdom on endowment management. They are allocating a portion of their endowment capital to impact investing, where an investment achieves both financial and measurable social returns.
July 2017 | Author: John Canady
Structured philanthropy is on the rise. Philanthropists are increasingly using formalised structures, such as donor-advised funds, to plan and execute their philanthropy. Their goal is to be more strategic and achieve greater impact over time.