Withers Worldwide

Are your philanthropic aspirations integrated with your personal planning?

Do you need assistance balancing your altruistic goals with the harsh practicalities of the current financial environment?

Have you re-assessed the potential tax advantages with regards to charitable activities in the current climate?

It is a classic conundrum: The stock market plummets and your assets shrink alarmingly. But at the same time you are aware that at such a time the need is even greater for the organizations and individuals who depend on philanthropic giving.

The current environment has certainly inspired some clients to rethink their philanthropic strategies, as least on a short-term basis. Many like to act as a catalyst rather than funding operations. They can be helpful as a stopgap, even for half a year.

We advise our clients on the various methods of supporting their chosen causes and their implications in the UK, the US and elsewhere, including the application of UK and US tax relief in relation to gifts of money, property and other assets, whether made during life or on death. We have considerable experience in the establishment of dual-qualified US/UK charitable structures to enable philanthropists who are subject both to UK and US tax to give tax- efficiently and have helped many clients structure their cross-border charitable giving where other jurisdictions have been involved.