TSL Kirklees’ Post

Financial services sector remains stalwart in charitable giving - https://lnkd.in/gp-CUK52 Financial institutions made up nearly 28% of the charitable giving in Massachusetts among the 96 companies that made this year's list. Those companies gave a total of $101 million to local charities. Read More: Financial services sector remains stalwart in charitable giving

Our Senior Consultant Liz Purchase, FRSA explores the evolving landscape of UK charitable #trusts and #foundations and discusses the potential implications for #fundraisers - https://lnkd.in/ecRvr4dg

Around the world, systems are set up so that private charities benefit from increasingly generous tax arrangements. Total assets of private foundations are rising. Here's the trend in the US: 💸 $101 billion in 1987 💸 $1.53 trillion in 2024. As Brigitte Alepin points out, "public finances are severely penalized by this system, as it takes nearly 35 years for the value of the charitable spending carried out by foundations to exceed the value of the tax benefits enjoyed by the foundation and its founder." 🔗 View link to Policy Options article in comments. #Charities #FiscalPolicy #Taxation Matthew Mendelsohn, Institute for Research on Public Policy (IRPP)

As we repeatedly said yesterday across media - there are 170,000 charities across England and Wales who do amazing things every day ! On the rare occasions it goes wrong we take action but it’s also important we share lessons. Our inquiry into The Captain Tom Foundation highlights important principles for charity trustees on: ▶️ managing conflicts of interest ▶️ private benefit, payments and renumeration ▶️ fundraising and commercial partnerships Learn more: https://lnkd.in/eC9w3g-Q

Did you know that Donor Advised Funds (DAFs) are one of the most underutilized tools in Canada's financial landscape? Surprisingly, many financial advisors are still unaware of their potential. Let's change that! What are DAFs? They're a fantastic way to strategically manage your assets while making a difference. By setting up a DAF, you can contribute funds, receive an immediate tax deduction, and then recommend grants to your favorite charities over time. Why are they beneficial for asset management? DAFs offer flexibility, tax advantages, and simplified giving processes. Plus, they allow you to maintain control over your charitable contributions while potentially growing your assets over time. **Financial advisors**: it's time to add DAFs to your toolkit! They provide unique opportunities for your clients to align their financial goals with their philanthropic values. Let's empower our clients to make a meaningful impact while optimizing their financial strategies. If you have any questions, or if you'd like to set up a presentation about My Charity Fund (www.mycharityfund.ca) and what we can offer you and your clients in terms of quickly setting up a DAF, let me know ASAP!! #DonorAdvisedFunds #AssetManagement #Philanthropy #FinancialPlanning #CanadaFinance

Take a few minutes to read our blog summarising our thoughts on how #charities and #notforprofits can gain a better understanding of how the performance of their #investment strategy stacks up, how their fees compare to the market and how it aligns to their mission. #charityinvestment #socialimpact

The #WordoftheDay is Contributed capital Follow along for more accounting terms for charities and nonprofits! Learn more about Finance for the Arts in Canada: https://ow.ly/E5F550PpoNx

Wealthy families are considering better ways to manage their charitable efforts. Establishing a family private or prescribed ancillary fund (PAF) is an effective method, offering tax benefits and a positive impact. Learn more about these in my latest The Australian Financial Review opinion piece. #charitablegiving #philanthropy #taxbenefits #communityimpact https://lnkd.in/gTPmJUE3

The #WordoftheDay is Capital gain Follow along for more accounting terms for charities and nonprofits! Learn more about Finance for the Arts in Canada: https://ow.ly/E5F550PpoNx

🏘 Cuts to early intervention services have doubled the number of children in residential care from 2011 to 2023. 🚧 💸 "The report [created by 5 children's charities] found that since 2010/11 the amount councils in England spent on early intervention services almost halved – from £4bn to £2.2bn in 2022/23." ⚠️ "But the report says this increase in expenditure “is not leading to improved outcomes for the children and families the system support”. #EarlyIntervention #ChildrensServices #ChildrensCharity #YouthJustice #ResidentialCare #ChildProtection