For professional advisers
Advising your clients on charitable giving
In line with overseas experience, Australian research indicates professional advisers - solicitors, lawyers, accountants and financial advisers - are becoming increasingly interested in providing philanthropic advice and strategies to clients.
There are many benefits for you and your clients if you can provide advice on charitable giving. As professional advisers, you have the opportunity to help your clients achieve their charitable goals, through planned giving that combines philanthropy with overall financial, taxation and estate planning.
If you require more technical knowledge and understanding of the various options available to assist your clients in fulfilling their charitable giving intentions, Sydney Community Foundation will be holding a number of educational events and workshops throughout the year. Please see our educational opportunities section for more information.
Educational opportunities
To combat the need for enhanced understanding around advising clients on charitable giving, Sydney Community Foundation has established a series of workshops for professional advisers - financial planners, accountants, lawyers and solicitors - to learn more about the technical issues of advising clients on charitable giving. Each workshop will focus on a different issue or technical area with industry experts sharing their knowledge and experiences.
The objective is to develop a group of like-minded professional advisers who are passionate about supporting clients in their charitable giving intentions. The workshops will serve as a forum to share ideas, support, educate, develop resources and to raise awareness of charitable giving and philanthropic structures available to clients.
You can find the 2008 calendar of speakers and topics by clicking here [PDF document- 10Kb]. If you are not on our mailing list and would like to receive an invitation, please contact the Foundation by phone on 02 9322 1320 or by email at enquiries@sydneycommunityfoundation.org.au.
You can read the Powerpoint presentations given by previous speakers.
August 2008
Getting Structure And Strategy Right
Michael Perkins, Special Counsel, Cutlers Hughes + Harris
PDF format [384Kb] | Powerpoint format [684Kb]
June 2008
ShareGift Australia
Stephen Mills, CEO, ShareGift Australia
PDF format [67Kb] | Powerpoint format [757Kb]
May 2008
Pockets of Opportunity
Virakone Sengchanh, Technical Research Analyst, Centric Wealth
Notes [45Kb] | Presentation [94Kb]
April 2008
The Lutheran Community Foundation - working with professional advisers
Chris Andersen, CEO, The Lutheran Community Foundation (Minneapolis)
PDF format [759Kb] | Powerpoint format [1.7Mb]
March 2008
Community Foundations As A Vehicle For Giving Locally
Jane Kenny, Executive Officer, Sydney Community Foundation
PDF format [150Kb] | Powerpoint format [215Kb]
February 2008
Charitable Giving And Tax Issues
John King, Partner, Mallesons Stephen Jaques Sydney
PDF format [153Kb] | Powerpoint format [220Kb]
November 2007
Philanthropy Australia - the view from the peak body
Gina Anderson, CEO, Philanthropy Australia
PDF format [169Kb] | Powerpoint format [1.4Mb]
June 2007
The Art Of Giving - Tax Angles
Richard Friend, Principal, Balena Tassa
PDF format [418Kb] | Powerpoint format [1.1Mb]
Benefits of advising on philanthropy
Benefits for professional advisers
Advising on charitable giving provides professional advisers with:
- a competitive practice advantage;
- a deeper, richer client relationship;
- greater personal satisfaction from helping clients make a difference.
Benefits for your clients
There are many advantages in making a significant donation during one's lifetime. They include:
Fulfillment
The major motivation for philanthropy is to make a difference. It is far more satisfying to see, first hand, the tangible benefits of giving.
Involvement
Many donors not only want to donate part of their wealth, they also wish to contribute time to their chosen cause. Many charities and foundations provide donors with the opportunity to become actively involved.
Family culture
Having made the decision to support a worthy cause, many parents are keen for their children to learn from example. By donating during their lifetime, parents have the opportunity to not only establish a family culture of philanthropy, but also pass on their social conscience to the next generation.
Tax
It may be more tax effective to make a donation during one's lifetime rather than via a bequest nominated in one's estate. This is a complex area requiring specific tax advice from an accountant.
Affordability
It is important to ensure that potential donors are comfortable to give without significantly impacting on their own lifestyle in the future. Financial advisers have the skills and analytical tools to assess whether you have surplus capital and how best to match your cash flow in the future.
There are many options available to people wishing to give charitably, of which Sydney Community Foundation is one. To learn more about the benefits of donating through Sydney Community Foundation, click here.
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