Or, you can establish a sub-fund within the Foundation to provide annual donations to charities of your choice, which are deductible gift recipients.
The Foundation is an effective vehicle for your philanthropy and provides useful opportunities to structure your giving in a tax-effective way. The Be BlueRock Foundation is exempt from paying income tax on income earned by the Foundation’s investments, including capital gains. A gift to the Be BlueRock Foundation allows donations to be distributed over a number of charitable projects with a long-term focus. Establishing a sub-fund within the Be BlueRock Foundation, either now or through your Will, allows your donation to have an inter-generational impact by investing in a fund that can support charities over a number of decades and involve your families and friends.
If you are interested in charitable giving under your Will, or if you simply wish to discuss your estate planning further, please get in touch with our estate planning team.