Development of Philanthropic Strategies
Engaging in charitable activities can significantly benefit your family’s wealth management strategy. Not only can philanthropy contribute positively to society, but it can also enhance your family’s financial position and serve as a robust tool for asset protection and growth. This realisation has led to a growing focus on strategic philanthropy within wealth management.
Integrating philanthropic strategies within your overall wealth management plan can help you focus on causes that genuinely resonate with your family’s values and long-term goals.
At Bolder, we help high-net-worth families develop tailored philanthropic strategies that align with their specific plans and objectives. We collaborate closely with you and your tax and legal advisors to efficiently manage charitable vehicles.
Private Foundations: Establish and manage private foundations that allow your family to create a lasting legacy through charitable giving, while benefiting from tax advantages.
Charitable Trusts: Set up charitable remainder trusts (CRTs) or charitable lead trusts (CLTs) to provide income during your lifetime, support your chosen causes, and enjoy tax benefits.
Donor-Advised Funds (DAFs): Create and manage donor-advised funds that give you the flexibility to recommend grants to charities over time while allowing for immediate tax deductions.
Tax and Legal Coordination: We collaborate closely with your tax and legal advisors to optimise and maximise the tax benefits of your charitable contributions, ensuring compliance and efficiency.
Impact Measurement and Reporting: We provide tools and metrics to assess the effectiveness of your philanthropic activities, helping you understand the impact of your giving over time.
Community Engagement: Foster relationships with local organisations and communities to amplify the impact of your philanthropic efforts and strengthen family ties to meaningful causes.
These services are designed to integrate seamlessly into your overall wealth management strategy, empowering your family to make a significant and lasting impact.
Contact us today, so we can design your philanthropic strategies.