If you intend to bequeath a large sum of money, or contribute to a wider range of charities, then you have the option of establishing a perpetual trust. A perpetual trust is established either by a deed, if you wish to establish one with available funds now, or through your will, if your wish is to establish a trust from your assets upon your death. As a trust, the capital is invested and managed by the trustee, and the income generated is regularly paid to the charities or organisations that you nominate.
If you would like to have more control over the causes you support, you may choose to establish your own charitable trust. Such a trust can be broad or specific in its reach; it may be tightly controlled by the terms of the deed (non-discretionary) or the trustees may have discretionary input into the manner in which funds are allocated (discretionary).
Advantages of setting up a charitable trust
Establishing a charitable trust has many benefits, including:
- setting up your own named charitable fund
- individuals can also perpetuate the memory of a deceased relative/friend, or commemorate a significant achievement by naming the trust accordingly
- tax deductibility for your donation as well as ongoing tax deductibility for additional contributions
- the income is available annually for charitable purpose
- the capital can increase over the years through prudent investment management, thus increasing the income available.
A legacy to be proud.
Leaving a legacy behind can for a charitable purpose can be most rewarding.
When all is said and done
Your legacy will be remembered!
We offer a range of portfolio management solutions customised to suite your trusts objective. Whether you wish the benefactors to enjoy only income and leave the capital intact to grow or both capital distribution and income, our solutions are flexible and can be tailored to your vision.