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Charitable giving

If you have an interest in giving to the community, it’s sometimes hard to know where to start. While you may not consider yourself a ‘philanthropist’, these days there are a number of ways to give that can be rewarding for you and the community. As charitable giving can have a big impact on your tax position and your overall financial plan, it’s worthwhile seeking advice from a financial adviser who specialises in this area.


What should I consider first?

There are a number of ways to give to the community, but how you do this will depend on a number of factors. 

  • Your reasons for giving – Do you want to help the community in general, help a specific cause, establish an award or scholarship, claim a tax deduction or get your family involved in giving? 
  • The level of money you have to give – Do you have $20,000, $200,000 or $2million? 
  • The level of involvement you want – Do you want control over how funds are used or who will receive your donation? 
  • Your timeframe – Do you want to give during your lifetime, through your will or both?

Your answers to these questions will help you and your adviser decide on the best approach and whether planned giving is appropriate.

What’s next?

  • Learn more about planned giving and ways to leave a sustainable gift to the community. 
  • Contact Perpetual Private to speak to one of our financial advisers.

 

Perpetual or Perpetual Group means Perpetual Limited, ABN 86 000 431 827, and its subsidiaries. Perpetual Private advice and services are provided by Perpetual Trustee Company Limited (PTCo), ABN 42 000 001 007, AFSL 236643. This information has been prepared by Perpetual and contains information contributed by third parties. It contains general information and is not intended to provide you with advice or take into account your objectives, financial situation or needs. You should consider whether the information is suitable for your circumstances and we recommend that you seek professional financial, tax and/or legal advice. The information is believed to be accurate at the time of compilation and is provided by Perpetual in good faith. However, the statements including assumptions and conclusions are not intended to be a comprehensive statement of relevant practice or law that is often complex and can change. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information.