Philantrophy - making a difference
A more structured approach to charitable donations
Unlike ad hoc charitable donations, philanthropy takes a more structured approach to charitable giving. It’s more strategic and has a defined purpose. It aims to achieve tangible results over a longer period.
Philanthropy is increasingly important as part of a holistic private wealth management strategy. Through our finely tuned services, we assist in the establishment and ongoing administration of bespoke structures that can ensure philanthropic goals and a desired legacy can be achieved
The art of giving
Philanthropy can be integrated into your estate and legacy planning to ensure your values are passed down the generations. By incorporating charitable giving strategies, such as foundations or trusts, you can pass on your legacy while benefiting the causes you care about. This approach can foster a sense of purpose and align financial success with social impact to create a meaningful and enduring legacy, above and beyond the financial inheritance you leave.
patagonia
Founder Yvon Chouinard transferred the ownership of his company to ensure all profits are directed to combat climate change and Patagonia is now owned by the Patagonia Purpose Trust and Holdfast Collective, which were both created to make sure Patagonia's values are upheld for years to come. They also ensure that Patagonia's profits are used to fight the climate crisis.
Since 1985, Patagonia has pledged 1% of sales to the preservation and restoration of the natural environment and awarded over $89 million in cash and in-kind donations to domestic and international grassroots environmental groups making a difference in their local communities. In 2002, founder of Patagonia, Yvon Chouinard, and Craig Mathews, owner of Blue Ribbon Flies, created a non-profit corporation to encourage other businesses to do the same.
Some examples
Foundation co-chairs Bill Gates and Melinda French Gates believe that all lives have equal value and they have always been determined to use their resources to create a world where everyone has the opportunity to lead a healthy and productive life.
The Bill & Melinda Gates Foundation has a two-entity structure that separates its program work from its investment assets:
Bill & Melinda Gates Foundation
The foundation that distributes money to grantees. Bill and Melinda Gates are trustees of the foundation. The foundation's mission is to create a world where everyone can live a healthy and productive life.
Bill & Melinda Gates Foundation Trust
The trust that manages the foundation's endowment assets. Bill and Melinda Gates are trustees of the trust, which also receives contributions from Warren Buffett. The trust's assets are managed by Cascade Asset Management Company