Foundations and Charities
Foundations and Charitable Trusts
Foundations and Charitable Trusts are powerful giving vehicles but can be costly and time-consuming to maintain. NPT-UK can help you convert your foundation to a donor-advised fund account with less overhead while maintaining tax benefits and providing grant flexibility. Your Board or Trustee body can act as advisors and successors to the donor-advised fund account in perpetuity. You can even keep the name of your foundation or charitable trust intact.
Alternatively, donor-advised funds can work in tandem with your foundation.
US charities raising funds from UK taxpayers
US charities may use NPT-UK designated funds to raise money tax-efficiently from UK taxpayers. If a UK taxpayer donates to a US charity’s designed fund at NPT-UK, the donor receives UK tax relief and the US charity benefits from the Gift Aid uplift. Using a NPT-UK designated fund is likely to cost significantly less than operating an independent UK charity. There are no set up fees for NPT-UK designated funds.
UK charities raising funds from US taxpayers
UK charities may use NPT-UK designated funds to raise money tax-efficiently from US taxpayers. If a US taxpayer donates to a UK charity's designated fund at NPT-UK, the donor receives a US tax deduction. Using a NPT-UK designated fund is likely to cost significantly less than operating an independent US charity. There are no set-up fees for NPT-UK designated funds.
To discuss converting your foundation to a DAF or using a designated fund, please send us an email or call us at +44 (0)800 133 7540.