As wealth grows so does the desire to commit a segment to a charitable, educational, or other philanthropic cause that is close to the family’s heart. As well as enhancing the family’s profile by linking their values to those of the philanthropic endeavour, it also helps highlighting the specific cause to a broader public audience.
Foundations and charitable trusts are the primary structuring tools used by wealth families, which we are well versed in establishing. We can also assist with the wider administrative activities including bringing in key members of the family to the venture, attracting additional donors, sourcing suitable charities and overseeing reputational considerations for the family.
Whilst donating significant amounts of money to a worthy cause is the main way wealth families embark on their philanthropic journey, a more meaningful impact for both the family and the charity can be achieved by volunteering time and effort, especially if the family members are already in the media spotlight.