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
Asking the question
How and when should philanthropic advice become a part of the client relationship? Simon Mumme investigates. “It isn’t at the forefront of a financial planner’s mind to tell a client how to give money away,” Tim Hardy, philanthropy consultant with Enrich Australia, says. But for many advisers, gifting clients’ money in agreement with their aims
October 01, 2007
