Fortune favours the bold
Should we regard the extraordinary falls in share prices as a reason to seek the security of fixed interest or as an opportunity to invest – to take an equity position at a price unimaginable a short time ago? Let’s face it. The US, the UK and parts of Europe are going into recession and
November 07, 2008
Transformers – more than meets the eye
“Emerging philanthropists” target the roots of social problems, writes Simon Mumme. Some call it the golden age of philanthropy. It was heralded by the donations of super-rich ‘billanthropists’, Bill Gates and Warren Buffet, who committed a combined $US61 billion to The Bill & Melinda Gates Foundation in 2006. In Australia, giving has been nowhere near
November 01, 2008
Turning trash into cash for non-profits
Investors’ small, idle shareholdings can create a nice cashflow to the community sector, writes Simon Mumme. Freecycle, a worldwide consortium of 4593 online groups, connects people on the verge of throwing out all kinds of functional “stuff ” to others looking for the same items. The non-profit organisation’s rapid growth since its 2003 inception proves
October 01, 2008
More creativity needed to attract high-net-worth clients
Robb Musgrave examines how to create a “living legacy” and build a trusted adviser relationship. Investment products have become transactional, with growing compliance narrowing competitive difference. Traditional financial planners in a crowded vanilla brand market need to differentiate themselves with superior energy, product knowledge and service. A more creative approach is needed to attract, retain
September 01, 2008
Building Future2 from the bottom up
Financial planners are being called on to give something back to the communities from which they draw their livelihoods, writes Simon Mumme. With much Baby Boomer money to manage and compulsory superannuation inflows to direct, the financial services industry has been good to financial advisers. Having benefited from its growth, the industry “does present planners
August 01, 2008
Motives must be transparent
Good reporting gives donors confidence their money is going to where they expect, writes Simon Mumme. Earlier this year, $20,000 was awarded to the winner of an inaugural award for transparency in non-profit reporting. But the prize, handed out in the PricewaterhouseCoopers (PwC) Transparency Awards, is not the only reward the winning non-profit organisation, the
July 01, 2008
Relief, but no rain
Three pro bono financial advice pilot programs have begun in the past 12 months, and two of them are aiming for nationwide expansion, writes Simon Mumme. Not all of the recent financial pain in Australia is due to the sharemarket downturn. Many Australian farmers have become saddled with debt in an effort to keep properties
June 01, 2008
Give when the getting’s good
Simon Mumme says that affluent Australians have much to learn from their North American and European counterparts about giving, according to a new report. Australians riding high on recent economic boom years are not well attuned to the practice of philanthropy, a report from specialist researchers has found. But as domestic philanthropists emerge, opportunities exist
April 01, 2008
Cutting the costs of giving
Astute financial advisers can minimise the effective after-tax cost of client donations to charities, writes Simon Mumme. Like investors realising or transferring capital, strategic givers should consider tax efficiency when channelling funds to philanthropic causes. Methods to minimise the effective after tax cost of donations are available to financial advisers, says John King, lawyer with
March 01, 2008
Dividends against diseases
Using dividend donation, shareholders have begun donating money they have never owned to charity, as Simon Mumme reports. Dividend donation, a mechanism built and patented in Australia, offers shareholders a way to give to charity the small dividends paid by participating ASX-listed companies. Shareholders tick one of two boxes on an existing dividend election form,
February 01, 2008
The state of giving
Simon Mumme takes a closer look at Australia’s philanthropic industry. During a recent antipodean visit, Kingsley Aitkins, president and chief executive of the Ireland Funds, a global network of philanthropic vehicles funding social projects in Ireland, outlined the booming philanthropic industry overseas. The world’s 1.4 million non-profits hold $2.2 trillion in assets. Philanthropy, once a
December 01, 2007
