<Back Tax Effective Giving If you are a professional who advises people on various aspects of financial planning, then it could be useful to extend your knowledge of tax-effective giving methods which are available to your clients through the Community Foundation. It may be that some clients are already making annual gifts to support their favourite charitable organisations. The Tees Valley Community Foundation has the flexibility to support a wide range of causes from children to the elderly, from the arts to the environment. The Foundation will tailor our service to meet your clients needs and help ensure their charitable giving is administered in a tax efficient and effective way. You can help your clients enjoy the benefits of planned giving by asking if they have a desire to make charitable contributions in the most financially advantageous ways. Setting up a fund with the Foundation is easy and your clients can maximise the highest possible tax benefits – a flow-through fund allows the Foundation to award immediate revenue grants and disperse the fund over time, or an endowment fund makes distributions from the interest earned by investing the fund. Alternatively your client could choose to create a combination fund. Donations to the Foundation receive the maximum income tax deduction under current Inland Revenue Tax Rules. For clients who are considering establishing a private trust fund, working with the Community Foundation could be financially advantageous.

Tax Benefits For Individuals   Find out more about maximising the tax benefits for your clients charitable giving…