Our goal is to help you build a strategic, effective and affordable giving and philanthropy plan.
Traditionally, giving money away has often been regarded as an optional extra within financial planning, open to the minority who have surplus wealth, or perhaps to those who have a strong social conscience. Over recent years, however, we have noticed that a change has begun to take place. An increasing number of clients have begun to list ‘giving money away’ to others among their key financial planning goals and priorities.
In response to the demand from our clients, we have therefore made giving and philanthropy an intrinsic part of our overall service and financial planning and tax advice.
We see our role as your financial planner as being to guide you as to how best to manage your money, by maintaining an appropriate balance between the following five uses:
- Debt repayment
- Payment of tax
- Give money away
We of course recognise that not everyone will wish to give money away, or be in a position to do so, but for those who are interested in pursuing such a strategy we will help them to understand their potential to give, either during their lifetime, via their estate or through a combination of the two.
What is involved?
As with any aspect of financial planning we will help you to answer a series of questions.
Can I afford to give?
Each client will want to ensure that they have sufficient capital to meet their lifetime goals. Once we can demonstrate that you have sufficient capital available via your existing savings and future earnings to meet the cost associated with education, debt reduction, making provision for retirement etc, it will become clear whether or not there is, or is likely to be, a surplus which could be used for charitable giving, should you so wish.
To demonstrate your capacity to give we will prepare for you a lifetime cash flow. This analysis will help you to understand your potential to make gifts, without compromising your ability to achieve the other goals that you have set.
How do I give?
Our giving flowchart explains the process from beginning to end. Our task is to take you through this process step by step.
What are your giving interests and passions?
We have designed a questionnaire that will help you to determine how to allocate capital or regular gifts to selected charities.