Charitable trusts can be set up during your lifetime or through your will for after you’re gone. You can decide the purpose of your trust, who you’d like it to benefit (and how), and how much can be distributed or granted each year. They work best when there is enough money to allow for ongoing charitable gifting and capital growth. Generally speaking, this needs an initial contribution of at least $300,000.
For gifting of less than this, there are other ways to support the causes you care about like making a bequest in your will or contributing to an existing trust.
We’ll take care of setting it up, the registration, and ongoing administration of the trust.
Other people or organisations can also make donations to your registered charitable trust and these donations are generally tax free.
We work hard to ensure your intentions are carried out long after you’re gone by providing specialist trustee services for the life of your charitable trust. When you choose us to administer your charitable trust we take care of:
Accounting and tax services
Making sure assets are invested to provide lasting benefits
How much does it cost?
With no trusts being the same, the cost will depend on the services required to meet the need of each individual charitable trust.
We’ll need to discuss what you want to achieve, suggest the best way to structure your charitable trust, and then provide an estimate for any subsequent work we do.
Basic costs will include an establishment fee and our specialists’ time. There will also be some ongoing yearly costs for the management of your charitable trust.