From time to time, professional advisors are asked by their clients for advice on charitable giving. We can work with you to ensure your clients receive the very best advice about helping local causes in Somerset. We are “cause-neutral”, which means we can work with you and your client to help them achieve their goals for local giving.
Donors can create their own funds to support their favourite charities and reach a wider range of smaller organisations through a single channel. For example, a client may wish to support a specific home for elderly people but also use our local knowledge to reach a wider range of other organisations helping older people remain independent in their home.
As a registered charity, donations to the Foundation can be gift-aided adding 28% to the value of the donation. Higher-rate taxpayers can also claim back 23% of their donation in their tax returns.
Capital gifts (shares, land, property) may also offer significant tax benefits to donors, enabling them to offset up to 40% of the value of the gift against their income tax bill, while possibly avoiding Capital Gains Tax on the asset as well.
(For more information on tax benefits, please click here)
Whether your client would like to set up a fund now, or is thinking about something for the future we would be happy to discuss the options in confidence.
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