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Charitable giving tips and traps

June 23rd, 2015

A good financial strategy should include a structured and long-term approach to philanthropic giving which will also provide tax advantages, the independent trustee company's general manager philanthropy Tabitha Lovett says.

Instead of simply writing a tax-time cheque for a chosen charity, Ms Lovett suggests looking at establishing a perpetual charitable trust for long-term benefits.

She says it need not be expensive or complicated, with a donation of $20,000 enough to seed and establish a philanthropic vehicle.

"Ultimately, a perpetual charitable trust can help to better fulfil a donor's philanthropic goals in a much more targeted and lasting manner and will ensure a greater impact on their chosen charity or cause rather than ad-hoc donations."

Read the full article - Yahoo Finance

In conversation with Daniel Lee of the Levi Strauss Foundation

In conversation with Nicole Richards at the Philanthropy Meets Parliament Summit, Daniel Lee shared his insights on topics including the role of philanthropy as a driver of systems change which addresses root causes of social challenges, the relationship between philanthropy and government and what the new political environment in the United States means for philanthropy.

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