Give in the future
Planning ahead can give you time to think about the casuses that are important to you and the impact you'd like to make. You may want to set aside money for philanthropy in the future - perhaps when you retire, after a significant financial event or when your children are financially independent.
There are ways to invest money so you can grow the amounts available to gift over time and maximise your charitable investment:
Donor Advised Fund
A Donor-Advised Fund (DAF) is a flexible, tax-efficient way to manage your charitable giving. Its an account set up under the umbrella of a registered charity, which looks after all the administration and governance on your behalf.
When you contribute cash, shares, or property to a DAF, you receive immediate tax relief, while retaining the ability to recommend how and when those funds are distributed to charities over time. You can add to your fund as often as you like and recommend grants to your chosen charitable organisations whenever it suits you.
It’s an easy and effective way to plan your philanthropy, with all the benefits of having your own charitable trust without the administrative burden. Find out more from these trusted sources:
Charities Aid Foundation
National Philanthropic Trust
Philanthropy Impact
Personal giving solutions (CAF)
The Charities Aid Foundation has a range of personal giving solutions that you can tailor to suit you including:
Donate stocks and shares
Donating shares directly can sometimes be a more tax-effective way of giving than selling shares first and donating the cash proceeds. The advantages will depend on the type of shares involved, tax treatment and individual circumstances, but for some donors the difference can be significant.