Where Are Funds Spent When Donating To Charity?
The demand for philanthropic advice continues to rise with more would-be philanthropists wanting to give locally but with no idea how to approach the challenge of donating to charity. They may be fearful of seeing their givings wasted by a small, ‘unprofessional’ charity or of its disappearance into the coffers of a huge national charity (with little chance of seeing the impact of that giving).
This is where Sussex Community Foundation comes in
The Sussex Community Foundation work with solicitors, accountants, wealth managers and financial advisers to help their clients make the most of their local giving. A community foundation is an ideal vehicle for people who want to put something back into their local community. By channelling funds to grassroots community projects, the Foundation improves the quality of life for people across Sussex, with an emphasis on tackling disadvantage.
The main service they offer donors is their named fund. This is a charitable fund, tailored to the donor’s interests, and used to make grants to charities and community groups, wherever in Sussex the donor wishes.
They also have a uniquely flexible range of options for people interested in leaving a legacy to their local community. As well as individual donors, they also help charities and trusts to meet their aims, for example, by taking on management of a trust, if it is no longer viable.
“We have been impressed with the role which community foundations play in helping people with a philanthropic interest in local giving,” says Gary Rogerson of Heartswood Wealth Management.
“They provide a highly bespoke service, working with donors to help them identify their areas of interest and then putting together a plan for how this might be implemented with greatest impact in their local area.”
For information on how you can download their Professional Advisors’ pack, which includes information sheets on a number of areas of their work, please fill out the contact form below.