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Tag: Charitable giving

Philanthropy and how to structure your giving

Many people seek to make a real difference and give back to their community through philanthropy. If you would like to make gifts to charity on an ad hoc basis, the most obvious option is to donate directly to the chosen charity. Provided the charity is listed as a Deductible Gift Recipient (‘DGR’) for tax purposes, you should be entitled to receive a tax deduction for the monies donated. Alternatively, if you wish to have access to your funds during your lifetime, you may instead choose to make a gift to a charity in your will. However, if you wish to go beyond simply writing a cheque...

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