Our philanthropy services are for everyone wanting to make a difference in the world by supporting the causes they care about, whether that is through existing structures or by developing new ones. We are a firm that cares deeply about the world around us and the people in it, locally, nationally and internationally. We have set up hundreds of charities, administer a variety of charitable trusts and help people write their wills to benefit others, leaving a lasting legacy

A number of our team are charity trustees and can speak to the difference that philanthropy, whether on a small or large scale, makes not only to those who benefit but also to the individuals or families who make giving a feature of their financial planning.  There are tax advantages available to encourage giving during your lifetime and after your death. We work with accountants, tax advisors and investment managers, where appropriate, to provide you with a personally tailored philanthropy service.

Giving takes many forms and is not the reserve of the super wealthy. Indeed, recent research shows that giving through strategic philanthropy has become very important to both young and old as a way of making an impact. We advise people giving away small sums to several hundred thousand and even into the millions. We would be happy to have a chat with you and help you decide what sort of philanthropic giving best fits your circumstances.

Lifetime giving

Giving directly to charity in your lifetime means you get to see the impact of your gift. Depending on how much you are giving, there may be an opportunity to direct your gift to a specific activity or causal area of the charity you support. We can help you structure your gift in the most tax effective way, so both you and the charity receive the maximum benefit.

Gifts in wills

If your money is tied up in your property or investments, this needn’t dampen your philanthropic aspirations. Making a gift to a charity in your Will is a tax effective way to support a charity or a range of charities. There is also an opportunity to reduce the burden of tax on the rest of your estate. There are different ways that charitable gifts in Wills can be made and we would be happy to explain them to you while supporting you generally in writing your Will.

Trusts and foundations

A trust or foundation is usually a grant making body, distributing funds to charities, although it needn’t be wholly charitable. The beneficiaries could include members of your family. The trust or foundation could be set up in your lifetime or in your Will. This might be attractive if you want to have greater control to direct where your money goes and how it is used. We can help you determine the most appropriate legal structure and, as this is more hands-on, we can also help with the on-going administration of running the trust or foundation.

If you run a company it is possible to set up a foundation to re-distribute profits to good causes in the same way.

Starting your own charity

If you are passionate about a cause and want to set up your own charity for the public benefit, we would be happy to help. We have extensive experience setting up new charities and helping trustees establish appropriate policies and procedures. A charity can have a corporate or unincorporated structure and we can guide you through the Charity Commission registration process and any Companies House requirements. We have recently established charities for creative arts, childhood cancers, hospital playleaders and sport for disabled people.

Social investment/enterprise

If you want to invest money to generate a return and are socially conscious, you could consider making an investment in an organisation that qualifies for tax relief – this might be a charity that undertakes a trading activity to raise funds or a social enterprise, for example, that operates in a disadvantaged area or provides services that benefit the community. We can help you find an appropriate investment, which meets the legal requirements, and explain the tax benefits. We can also help you set up your own social investment vehicle such as a not for profit company or one of the new types of community interest company (“CIC”).

Whatever the difference you want to make in the world, Pothecary Witham Weld can help you on every step of the journey.

If you would like to find out more, please contact any of the people below:

Andrew Price

Michele Price

Tina Wong

Katrina Jackson

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