While not everyone is motivated by the tax advantages involved in giving, it shouldn’t be ignored. Personal Trust can assist with advice and services to those wishing to make a difference. We offer two alternatives.

1. A FULL-SERVICE APPROACH TO PHILANTHROPY

We offer a full-service approach to philanthropy through our offering which includes:

• Strategy & inception of the Charitable Trust
• Tax Administration
• Professional trusteeship to ensure compliance with the provisions of the Trust Deed
• Asset Management and advice through our investment management department
• Nominating and payment to beneficiaries/full grant-making service
• Ensuring succession of the trust through the appointment of a Personal Trust representative as Trustee

2. AN ALTERNATIVE CHARITABLE TRUST

Should you not wish to set up your own charitable trust, we offer an alternative solution which helps to alleviate the often prohibitive costs of setting up and administering one’s own trust.

We have established a single trust called the Personal Trust Charitable Foundation which assists clients in longer term giving. Clients are able to either make provision for a bequest in their Will or can build up a fund during their lifetime through regular or ad-hoc contributions. All funds invested through the Foundation are administered under separate portfolios in accordance with the wishes of the individual donor and the income generated from the individual portfolios is used to support charities, religious or educational bodies of the donor’s choice, both during their lifetime and after.

Why use the Personal Trust Charitable Foundation?

• Clients are able to realise the pleasure of giving without being constrained by costs or tax implications – there is no income tax on income earned or capital gains tax on gains made by the trust.
• Any tax saving made as a result of the use of the Foundation can translate into further funds available for distribution.
• The Foundation has been registered for Income Tax purposes as a Public Benefit Organisation and for Section 18(A) purposes therefore donations and bequests are free of donations tax and estate duty and any donation is also deductible for income tax (up to a maximum of 10% of taxable income).

Contact Gavin Ashwell on gashwell@ptrust.co.za should you be interested in donating or bequeathing funds to the Foundation.

Download a copy of the Personal Trust Charitable Foundation Brochure for the latest financial highlights and beneficiaries.