Meadbh
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 22, 2006
- Messages
- 11,401
I am currently drafting a document to set up a charitable fund in my family's name. After RE, I can judiciously donate to this in a tax advantaged manner and after I kick the bucket the residue of my estate after specific bequests will roll into it. I can design this so that it supports the causes I am passionate about. For example, I envision a grant competition with specific objectives and criteria and an allocation to specific cost effective charities. After RE I hope to devote some time to this myself. As I am single I am planning to nominate a panel of successor advisors who (a) are younger than me and (b) have the knowledge and expertise to advise the board (my financial institution provides this service). I am not sufficiently wealthy to justify setting up a foundation.
My question is: does anyone on the Board have experience of operating such a charitable fund?
My question is: does anyone on the Board have experience of operating such a charitable fund?