In this episode of Trusted Insights, Private Wealth Partner Aimee Mitchell is joined by Head of Philanthropic Services at Forsyth Barr, Simon Bowden, to discuss the evolving landscape of philanthropy. Together they explore practical steps for new philanthropists and contrast giving structures such donor-advised funds and standalone charitable trusts.

[02:15] Simon and Aimee discuss the history of structured giving through trusts like Lions and Rotary and the impact of the 2008 rebate cap changes on donor behaviour. Also, the emergence of crowdfunding platforms like Boosted and Givealittle.

[03:39] Simon and Aimee highlight the importance of aligning philanthropic efforts with personal or family values, the role of philanthropy advisors in helping donors define their goals, and influence of family history and values on giving priorities.

[06:32] They discuss the comparison between donor-advised funds, ad hoc giving, and standalone charitable trusts. Along with the benefits and flexibility offered by donor advised funds (DAFs).

[11:20] Aimee outlines the advantages of standalone charitable trusts for large-scale or customised initiatives, highlighting high autonomy in governance, fund management, and scope of projects, while discussing how to balance administrative demands with donor intent.

[14:43] Simon and Aimee explain strategies for managing risk in philanthropic activities, discuss the evolving dynamics of trusts and the popularity of hybrid approaches, and highlight strategic considerations for long-term impact governance.

[17:45] Simon and Aimee discuss emerging trends and new models for giving, highlighting the shift toward pooled funding models for larger-scale impact and sharing their insights into how collaboration can lead to research-backed, impactful funding solutions. 

[20:15] Simon and Aimee explore how research-backed solutions empower communities and moving away from a top-down approach to address unique community needs.

[21:24] They discuss the rise of investments aiming to generate social and environmental impact alongside financial returns, and how charitable organisations leverage philanthropy to develop intellectual property and sustainable solutions.

[23:58] Simon and Aimee explore balancing financial returns with meaningful societal impact and the trade-offs investors may consider for social returns. They highlight the growing appeal of a “social return on investment” mindset among philanthropists and investors.

[23:58] Aimee and Simon wrap up the discussion, highlighting the key takeaways from the episode.

Information in this recording is correct as of the recording date, Monday, 4 November 2024. 

For legal advice and guidance on any of the topics discussed, please contact Aimee Mitchell or our Private Wealth team. 

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