Cave Financial Services

Spread Your Good Fortune by Supporting Charitable Causes

Mon July 2nd 2018

Many of our clients want to spread their good fortune by supporting charitable causes. But planning for philanthropy can be challenging and so we can offer a service to help with this.

We have partnered with a respected charity, The Gift Trust, who offer independent philanthropic advice and a simple, tax-smart mechanism for making charitable donations easier and more efficient.

The questions people often want answered around charitable giving are:

  • How much can I afford to give?
  • What is the best giving mechanism for me?
  • Can I plan my donations better to make the most of donation tax credits?
  • How do I choose which organisations to give to and how do I know I'm making an impact?
  • Can I remain anonymous or reduce the amount of fundraising requests I receive?

Our partnership with The Gift Trust can help you answer these questions. We can work together to help you make a strategy for your giving and align it with your values.

For those who want a more structured approach to giving, opening a Gift Account with The Gift Trust may be a good solution. An account with the Gift Trust allows you to make flexible contributions whenever you wish for charitable purposes, then donate to the charities of your choice when you decide. The best way to describe a Gift Account is an investment account for your charitable giving. They hold the money in trust, and we as your advisers invest it how you choose (within limits), giving you an immediate tax credit. The funds can grow tax free while you take the time you need to decide who to give to. When you are ready to give donations to a cause, you let The Gift Trust know. They undertake the necessary due diligence to check the charity is sound and process the donation. It's easy.

The Gift Trust can also help you craft a giving strategy and conduct deeper research into a charity or sector. They can advise you on complex giving strategies and liaise with chosen organisations.

This is an alternative to setting up a private grant-making trust or foundation and reduces administration, compliance and costs.

To find out more, speak to us or watch The Gift Trust's video here:

https://www.thegifttrust.org.nz/explainer-video


Need some help?

Drop us a line using the form below and we'll be in touch to talk through your insurance or financial needs.


"Michael has a wealth of information to share with regards to financial planning...he has always provided valuable information to both my clients and me without being a pushy sales person! "
Vijay Nyayapati

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