Charitable Giving
Tax initiatives introduced in 2001 to encourage philanthropy provide a greater incentive for individuals, families and business to make a difference in the community through charitable giving. Our advisers can assist you in this process.
The incentive is attractive and tangible if donations are made during your lifetime, rather than being left as bequest in your estate.
The appropriate choice of which charitable giving option is best depends on the specific objectives of each individual, family or business.
For those wishing to make a financial contribution there are now a broader range of options to make charitable giving more tax effective. The options vary from making a simple cash donation to a specific charity on the one hand, to making a large contribution of either money or property to a public or private fund on the other. And tax deductions for significant contributions may now be spread over a period of up to five years.
Your adviser will take into account your attitude towards control of capital, family participation and choice of charity, as well as the question of who is to be responsible for the administration and cost effectiveness of the program.
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downloads
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Guide to Charitable Giving (98 kb)