Structuring giving using Public or Private Ancillary Funds is an attractive strategy for donors who need a tax deduction now, and the flexibility to distribute the funds to charity over time.
From Chris Cuffe’s original idea in 2008, several investment vehicles now seek to deliver strong performance and donate fees to charities, creating a win-win for all involved.
Chris Cuffe set up Australian Philanthropic Services to make tax-effective giving easier, and former Westpac boss Gail Kelly reminds readers that giving away some wealth to charity is not just for the very rich. (Via the AFR).
What does a portfolio look like when someone with access to almost every asset class and manager in Australia takes a genuinely long-term view, building the portfolio from the ground up?
An investment company with both charitable and performance goals is expected to list on the ASX in November 2018. Besides a high conviction equity portfolio, it will invest in medical research.
An ancillary sub-fund is a quick and inexpensive way to secure a tax deduction in advance of researching and selecting the right charities to support at tax time. Includes Chris Cuffe video.
An innovative idea to donate to charities the fees paid by investors in a fund has become an annual flow of about $2 million to needy causes as the 10th anniversary is reached.
After almost a decade and strong outperformance, Chris Cuffe announces that his Australian equities fund will close to new investors at the end of August 2017. Management fees are donated to charities.
Investors looking to give to charitable causes before 30 June often leave little time to make the best choices to suit their philanthropic intentions, which is where an ancillary fund can assist.
The Third Link Growth Fund donates the fees charged for managing the investments to children’s charities. Based on Chris’s ability to select good fund managers, it has created a win-win for investors and young people.
Chris Cuffe on gratitude, growing a business, the value of culture and the need for time and patience in investing – he says “Slow money is better than quick money.”
Public or private ancillary funds are tax-effective vehicles to manage charitable giving. Not only are there immediate tax advantages, but it can set up a family for generations of giving and engagement.
Every experienced investor develops a set of beliefs about how markets operate, and finds the proof points to defend those views. Managing the Third Link Growth Fund has taught Chris some unconventional lessons.
The soon-to-be-listed Future Generation Global Investment Company delivers on numerous fronts. It offers an appealing structure for investors while benefiting needy charities, but there are a few points to watch.
Most people do not spend enough time thinking about achieving the best outcomes from their estate. Here’s a novel idea: set up a trust to look after the medical and education needs of all your descendants. Forever.
Markets have become instrumental in finding new ways for investors and philanthropists to make a social impact with the potential for good returns.