Charities, Philanthropy & Non-Profit
There is no "one size fits all" when it comes to philanthropy. Some clients have been philanthropists for all their lives; others may have reached a point where they wonder how their wealth can really make a difference to the world in which they live.
The reasons for setting up a charity, not-for-profit organisation or foundation vary widely, however some clients want to enshrine a culture of philanthropy as a value of their family for the long term; others might just enjoy the feeling of giving back to society; and some may want to leave a lasting legacy. While the motivations for giving may be simple, getting it right can be more complex.
Advice for philanthropists and charities can encompass anything from setting up charitable trusts to benefit a number of charities, leaving a legacy to a general, grant-giving favourite charity in a will, including a charity as a beneficial class under a trust or utilising a Donor Advised Fund (DAF) or creating a specific charity, non-profit or foundation to fulfil a specific aim. Whatever route you take, Boodle Hatfield has a range of experience in all areas of the Third Sector enabling us to support you through the whole lifecycle.
How we help
- Creating charities, non-profits (Community Investment Company) and foundations in the UK and internationally – We regularly advise on establishing and registering grant-making foundations and operating charities & non-profits including the initial set up and registration with the relevant third-sector regulators.
- Philanthropic governance – We ensure that governance of the charity, foundation or philanthropic endeavour is effective and in-line with the Charity Commission governance regulations and also utilising Corporate Governance best practice where applicable. We advise on day-to-day issues ensuring they can be resolved practically and quickly.
- Tax and philanthropy – At Boodle Hatfield we can advise on all aspects of tax in respect of your philanthropy giving.
- Individual or corporate giving – We regularly advise our clients, including family offices, on how best to achieve their charitable and corporate social responsibility aims through a DAF, which enables clients to undertake philanthropy in a low profile, low risk manner.
- Philanthropy disputes – We advise on disputes which may arise over bequests to their organisations and on resolving issues involving charities.
Recommended reading
In FT Adviser, Private Wealth Partner, Julie Howard and Trainee, Chelsea Turner consider the proposed changes for non-domiciled individuals living in the UK and how to prepare for the impact of the new regime.
Read more 19 Jul 2024 Managing multigenerational expectations in your succession planIn eprivateclient, Partner and Head of Private Wealth, Hayden Bailey details how, as a nation, we’re both living and working much longer than our predecessors and whilst increased longevity is welcome news and can offer a business stability thanks to a wealth of experience, the ever-growing generational crossover within the workplace can create challenges to a smooth transition.
Read more 08 Jul 2024 The key to successful African Family Businesses? Good governance & succession planningIn Ventures Africa, Partner, Julie Howard and Trainee, Aakash Mohindra detail the two-pronged threat represented by lack of succession planning and imperfect approaches to governance amongst successful African family-owned businesses.
Read more 01 Jul 2024 Best Practices for Succession Planning – how do you do it best?In Family Office Magazine, Kyra Motley and Aakash Mohindra detail the value of succession planning in family-owned businesses, particularly in the context of aging CEOs and changing family dynamics.
Read more