A DAF can function exactly as a Personal Charitable Trust would. Their structure means that the administrative burden is placed onto the trustees, who offer advice to donors and have systems in place to ensure that tax and other legal obligations are fulfilled. This empowers the donor to pursue their passion, content in the knowledge that their funds are being handled responsibly. On top of this, there is more flexibility: for example, you may choose to remain anonymous in your giving and there is no need to appoint a board of trustees.
Alongside their ability to make philanthropy both simple and effective, DAFs can also be used as a quick way to distribute funds in emergency situations, as experienced in the early stages of the COVID-19 pandemic when the needs were both great and immediate.
Over the past 5 years, giving from Donor Advised Funds in the UK has increased by 130%, from £250.3m to £575.4m (Source: CAF ‘Philanthropy Comes of Age’ report, released 2020), testament to the effectiveness of using a DAF. However, annual charitable giving in the UK tends to be in excess of £10bn, swamping the amount given by DAFs: under 6% of this figure. It is integral that professional advisors have access to clear, accurate information surrounding the Donor Advised Fund Market- so that they can present the full palette of options to their clients. Our research has shown that each DAF has its own strengths, and there are key differences in structure and flexibility, which we summarise in the below information.
We have compiled a list of UK Donor Advised Funds. Our research outlines the key features of each, for ease of comparison.
This can be in the form of cash, shares, property and other assets. Assets accepted vary according to DAF provider. There is usually a minimum initial donation required to open the account. It is at this point that you may name your trust alongside appointing your advisors, successors and beneficiaries. After the initial minimum donation, donors can give subsequent contributions, of a smaller value. All donations are irrevocable once given.
The shares and other investments you have donated to your DAF will grow in value, meaning you have more capital at your disposal for grant giving. Not all DAF providers offer the option to hold investments in an account. Commonly promoted among Donor Advised Fund Managers to ensure total portfolio impact, is the transition of your investments to ethical, ESG or impact funds. This ensures that what you’re investing in doesn’t contradict the good work of your grant-making. The structure also invites riskier social investment: since all the assets in the fund have been earmarked for charitable giving, why not invest in projects which result in a positive impact?
Distributing your grants is made easy through a Donor Advised Fund. The donor recommends grants from their charitable account to qualified charities. The capabilities of each DAF vary: some DAFs only allow giving to UK registered charities, whereas others will go to great lengths in due diligence to allow you to give more flexibly. Some DAFs are specifically set up for dual qualified citizens. You can request one-off grants to be made or set up standing orders. This will all be managed and properly documented by the trustees.
To find out more about Donor Advised Funds, you can watch our previous webinars on the topic HERE.
To view the UK DAF Market, return to the top of the page and select the option from the menu.
The below list details the list of Donor Advised Funds available in the United Kingdom. Scroll down to find out more.
Cazenove Capital‘s DAF is administered by National Philanthropic Trust (NPT UK), an independent UK charity. They will collaboratively deal with all administration of your DAF which allows you to focus on the causes you care about.
Grants must be for a minimum of £1,000.
Grants can be made to UK registered charities.
Grants to Community Interest Companies (CICs) and overseas not-for-profit organisations are also possible, although these are subject to extra due diligence to ensure that a grant would be used in accordance with UK charitable purposes. We have extensive experience in making overseas grants.
We believe that funds set aside for charitable giving should be invested in a responsible and ethical way. As a consequence, we are committed to investing funds in accordance with environmental, social and governance standards set out in our investment policy.
Our default investment manager is Castlefield, an investment firm with a long standing commitment to ESG investing. That said, we are expanding our range of investment providers and welcome requests from new donors to add new investment management firms.
An account administration charge is levied on the total value of funds in a DAF account. Standard fee rates are:
· 0.40% per annum on the first £1m.
· 0.20% per annum on the next £4m.
· 0.15% per annum on funds above £5m.
Account administration fees are charged quarterly based on the fund valuation at the start of each quarter. All accounts will be charged a minimum fee of £650 per quarter.
We do not charge an account set up fee although, if a DAF is closed within 3 years of account opening, we reserve the right to charge an early closing fee of up to £1,000.
As a small DAF provider, we aim to provide all our donors with a personal and responsive service. All donors have a dedicated relationship manager and receive quarterly reports on their funds.
The Charity Service offers a philanthropy advice service as an optional extra for DAF account holders that want support with developing a philanthropic strategy, researching and selecting charities, and monitoring and evaluating grants made.
We are not prescriptive about how best to measure impact. We recognise there are a range of different approaches and tailor impact assessment according to the philanthropic objectives of each donor.
1.0 Investment Options
a. Are all investment options visible to donors?
Yes.
b. Can donors influence or change their investment strategies over time?
Yes. Donors can choose between investment strategies offered by our default investment manager, Castlefield. Alternatively we will consider donor requests to use alternative investment providers in line with our investment policy. We are currently exploring expanding our range of investment providers which will offer further choice to donors.
c. How transparent is your DAF regarding investment holdingsof donors?
Donors receive quarterly investment reports and account statements. Donors may also request statements on an ad hoc basis. Donors can also choose receive updates via phone call, online or face to face meetings.
2.0 Specialty Investment Options
a. Do you offer any specialty investment options, such as impact investments, private equity, real estate, or other? If yes, what are they?
We believe that funds set aside for charitable giving should be invested in a responsible and ethical way. As a consequence, we are committed to investing all funds in accordance with environmental, social and governance standards set out in our investment policy. Our default investment manager is Castlefield, an investment firm with a long standing commitment to ESG investing. We are currently exploring expanding our range of investment providers and are also open to recommendations of new investment management firms from new donors.
3.0 A Client's Wealth Advisor Managing Donations
a. How do you collaborate with a client's wealth advisor to integrate DAF contributions into the client’s broader financial planning strategy?
Each DAF holder is allocated a dedicated relationship manager. The relationship manager acts as a single point of contact for the donor and may, at the donor’s request, liaise with advisors including wealth advisors or philanthropy advisors regarding the donor’s financial planning and/or giving strategies.
b. Can wealth advisors directly manage the investments held within a client’s DAF account including the selection process and decision-making process?
No
c. What kind of platform is available for donors to view andmanage their DAF accounts?
Donors receive quarterly investment reports and account statements. Donors may also request statements on an ad hoc basis. Donors can also choose receive updates via phone call, online or face to face meetings.
4.0 Grant Payout Rate
a. What is your average grant payout rate over the past few years?
Grant payout rate varies by fund but is typically 15-30%
b. Are there any guidelines that impact the amount of grants issued from DAF accounts?
No. We encourage donors to recommend grants regularly but we work flexibly with our donors rather than having firm guidelines.
c. How transparent are you with donors regarding their grant payout rates?
We provide donors with quarterly reports outlining any income and grants made.
d. Do you collect information on the impact of these grants?
Impact reporting is done on a case by case basis and communicated to the donor in a format agreed with them.
5.0 Grant Recipient Selection
a. What is the due diligence process used to select recipients for DAF grants?
Donors may recommend grants to any UK or overseas charity. We also consider grants to CICs if the grant is to be used for wholly charitable purposes. We carry out a thorough due diligence process on all recommended grant recipients using information found on the Charity Commission website, the recipient website and other publicly available information. We also typically contact the recipient organisation for the information we require. We consider the organisation’s financial position, whether the organisation has complied with reporting requirements, governance arrangements and whether they have appropriate policies and procedures in place for example safeguarding, data protection and volunteering policies.
Due to the additional challenges in carrying out due diligence on overseas charities and CICs there is an additional fee for these grants.
b. How many recipients do you have listed? What is the average number of recipients your DAF supports annually?
The number of recipients varies from year to year. In 2023-24 we made 82 grants from our DAFs.
Contact details
Email: enquiries@charityservice.org.uk
Website:www.charityservice.org.uk
The donor has complete control to request grants be paid to their selected recipients from their DAF account, in any of the Chapel & York Foundations. Grantees or recipient entities must pass due diligence and agree to terms and conditions including that the funds received must be used for charitable purposes. Once a grant request is approved, grants are typically paid within 2-4 weeks.
Investment options. In UK coming in 2025.
Investment Options in US are available for DAF clients of the Chapel & York US Foundation.
DAF fees start at £2,000 + VAT per annuum for an Individual DAF.
DAF fees start at £5,000 - £10,000 + VAT per annum for Company DAF.
Plus a 1% retention rate on DAF contributions, a 0.05% admin fee based on the percentage on balance of DAF account held at renewal.
£250 fee for due diligence at grant making in UK.
Equivalence Determination fee applied to international grants from US DAF clients.
Chapel & York work with both individuals and entities (corporations, advisor groups, employee giving programmes, etc) who wish to have a DAF and have a network of Chapel & York Foundations in the US, Canada, UK, The Netherlands, Switzerland, Hong Kong and Singapore to provide tax-effective giving for donors wherever they may pay tax or for multi-national companies. Our US and UK Foundations are linked so that donors paying tax in the US and UK would benefit from Gift Aid in the UK and a US tax deduction for the same donation.
Chapel & York offer a free consultation with prospective DAF applicants to talk through their aims and requirements. This can be booked online using the website address provided and scrolling to the bottom of he page to automatically schedule a time convenient to the applicant.
Clients are offered guidance and information on impact/ESG investments outside the DAF programme. Further guidance and information are available upon donor request. Chapel & York have lawyers and specialist philanthropy advisors who work with client. They have provided educational opportunities for donors to engage with charities in a structured and contained way. Clients and advisors are offered training both in person and online. Online Philanthropic briefings have been provided, which give both educational and networking opportunities. Chapel & York is currently evaluating future networking events.
Grant recipients are required to complete an annual declaration and report as to use of funds granted to them.
Email Address:
Website:
Overseas grants are available, as CAF grants to over 110 countries each year. You can give anywhere in the world, subject to due diligence checks, and CAF takes on all added administration and compliance associated with overseas grants. Alternative grants and blended nance structures are available e.g., loans, multi-year grant agreements, and social investments are allowed; however, additional charges may apply.
There are a range of investment solutions for a CAF Charitable Trust, including the ESG investment funds offered by CAF Financial Solutions Limited with LGT. In certain circumstances, CAF may be able to work with a donor’s existing investment manager to establish a discretionary portfolio, minimum balance applies.
First £100,000- 1.40%
£100,000.01 - £500,000- 0.75%
£500,000.01 - £1,500,000- 0.35%
£1,500,000.01 - £2.500,000- 0.25%
£2,500,000.01 - £5,000,000- 0.20%
Above £5,000,000- 0.15%
Minimum annual charge: £600
The above charges are subject to the addition of VAT, where appropriate.
Other supplementary charges are issued for a variety of services including offshore donations, bespoke grants and legal agreements, philanthropic and succession research etc.
Clients are offered account management according to their product and giving needs. Our login area enables clients to take care of their account essentials online and on the go. CAF’s offer also includes the market leading payroll giving scheme Give as You Earn, Corporate Giving, and Impact Accelerator.
CAF offers access to expert advice in-house to make the most of your giving. Whether you need a full giving strategy and theory of change, or you are seeking impactful causes in a particular geography or theme, our experts will support your goals.
Impact reporting is offered; however, additional charges may apply – more detailed information on a donor basis available on request.
1.0 Investment Options
a. Are all investment options visible to donors?
CAF offers a variety of investment options for its Donor Advised Fund (DAF) clients, allowing them to tailor strategies according to risk appetite and philanthropic goals. Clients can choose investments using our Investment policy, or select a discretionary portfolio to be managed by an investment manager (minimums apply). CAF’s Venturesome Impact Fund is also available to clients who are interested in social investment.
b. Can donors influence or change their investment strategies over time?
Yes, the DAF is a fluid and flexible structure.
c. How transparent is your DAF regarding investment holdings of donors?
Clients can view investments held via our online portal and statements and have access to a dedicated private client management team for more complex requests.
2.0 Specialty Investment Options
a. Do you offer any specialty investment options, such as impact investments, private equity, real estate, or other? If yes, what are they?
ESG investment funds offered by CAF Financial Solutions Limited with LGT are available. CAF also offers a social investment fund, the Venturesome Impact Fund to clients. Through this, CAF provides social investment for purpose-driven organisations – charities, social enterprises and community groups all over the UK. This is in line with CAF’s vision for a fair and sustainable future for all. The fund offers flexible finance options designed to help social organisations ease cashflow, develop new services or purchase assets and to grow trading income, which plays an important part in sustaining and scaling your social impact. Alternative investments will always be considered and reviewed by CAF and clients are encouraged to query any potential investment interests with the private client management team.
3.0 A Client's Wealth Advisor Managing Donations
a. How do you collaborate with a client's wealth advisor to integrate DAF contributions into the client’s broader financial planning strategy?
Clients can appoint an authorised advisor to act on their behalf to request changes to the investments in the DAF. All advisors must complete CAF’s Know Your Client (KYC) process before they are permitted to receive information about the trust portfolio. CAF can liaise with any advisor given the client’s permission to ease the administration burden on the client.
b. Can wealth advisors directly manage the investments held within a client’s DAF account including the selection process and decision-making process?
Clients can appoint their wealth advisor to the DAF as an authorised advisor, in this scenario the advisor would make a request to CAF to review and action. The investment and trading cannot be completed directly by the advisor, unless a discretionary portfolio has been set up. Outline conditions that apply to this? Investments are requested by clients or Authorised Advisors but these are reviewed and actioned at CAF’s discretion.
c. What kind of platform is available for donors to view and manage their DAF accounts?
Clients have access to a fully self-service online account portal as well as a dedicated private client management team for more complex requests.
4.0 Grant Payout Rate
a. What is your average grant payout rate over the past few years?
As detailed in CAF’s most recent Annual Report, in FY 23-24, donations to CAF Group totaled £1.155 billion, with £1.134 billion given to charities in the same year. This compares with £1.119 billion donations to CAF and £1.024 billion distributed to charities in FY 22-23. CAF Annual Report 2024
link: caf-group-annual-report-2023_2024.pdf
b. Are there any guidelines that impact the amount of grants issued from DAF accounts?
There is no minimum or maximum spend from a DAF each year. Clients can make as many donations as they like. Our DAF is intended to be an alternative to a private foundation, and so we encourage all donors to formulate and follow a considered strategy. The starting point of this process is to determine a timeframe by which all the funds will be distributed &/or to commit to an annual distribution level – clients have the support of a dedicated client manager in developing this strategy, and can also benefit from bespoke advice and guidance of our in-house Impact Accelerator team where their needs and ambitions are more complex.
c. How transparent are you with donors regarding their grant payout rates?
Clients have access to full transaction histories via their online portal and can request any additional information they require from our team. Additionally, client managers review account activity with a donor at least annually, with a view to ensuring they are appropriately informed and supported about the available options for deploying their capital effectively.
d. Do you collect information on the impact of these grants?
Where clients request this, we can agree reporting schedules with charities, collect and share impact reports. This is generally only appropriate for larger donations.
For donations which require additional due diligence (e.g. large overseas donations), we require reporting on how funds are used, and outcomes achieved.
For clients who want more detailed impact evaluation, our Impact Accelerator team can carry out bespoke projects.
5.0 Grant Recipient Selection
a. What is the due diligence process used to select recipients for DAF grants?
Donors select the recipients, unless they are using our specialist advisory services to identify organisations on their behalf. Once a donation has been requested, our due diligence process depends on the type of organisation and its location. In all cases we verify bank details to ensure funds arrive safely.
The checks beyond this depend on whether the organisation is a registered UK charity, another type of UK entity, or an overseas non-profit. We conduct our most detailed due diligence on overseas organisations in high-risk countries, which is refreshed regularly. The checks ensure that funds are used in a way that is considered charitable by UK law, that the organisation is reputable, and any risk of fraud, or funds being otherwise diverted, is appropriately mitigated.
b. How many recipients do you have listed?
What is the average number of recipients your DAF supports annually? Last year, CAF donated over £1billion across 119 countries. CAF has a global footprint of over 160,000 charities registered as potential recipients for a client’s DAF.
Email Address: philanthropy@cafonline.org
Website: Philanthropy Services | Philanthropy Services For Private Donors | CAF (cafonline.org)
Customers can give to UK-registered charities, internationally, and to organisations which aren't registered but which undertake charitable work. Customers are also able, in some circumstances, to give directly to individuals. The minimum grant amount is £250, and the maximum grant amount is the total amount held in the Giving Fund.
All grant requests are verified by the Trustee or authorised representatives of the Trustee to ensure they meet ‘charitable purpose' and ‘public benefit’ criteria. All grants will be made subject to applicable laws and regulations. The Trustee will determine, at its sole discretion, whether and how grants should be made in all cases.
Donors can express their preferences over how their Giving Fund is invested, and the Trustee will aim to accommodate these preferences as far as possible. Final discretion and responsibility for the investments sits with the Trustee.
Some donors have developed impactful investment strategies which the Master Charitable Trust is supportive of although there is not a recommended impact investment strategy for customers. The Master Charitable Trust encourages donors to consider the total impact of their Giving Fund when thinking about their philanthropic and investment goals. The Hoare family's own charitable foundation, The Golden Bottle Trust, is 100% impact invested.
Annual management fee:
First £750,000 - 0.50%
Next £750,000 - 0.25%
Thereafter - 0.10%
There is a minimum fee of £1,250 plus VAT per annum.
Additional fees:
Professional auditors' fees (circa £250-£350 plus VAT) for the charity are split between each Giving Fund.
For grants to larger projects, and/or those involving international or non-registered entities a due diligence fee will be charged based on time spent – this is usually in the region of £300-£600 plus VAT. Where it is necessary to take legal advice, the fee is £1,250 plus VAT; this is in addition to fees incurred for specific legal advice, which are agreed with the customer in advance.
All customers have a dedicated, named relationship manager that is their point of contact within the Master Charitable Trust. The relationship manager will develop a personal relationship with the customer to support their philanthropic activity effectively.
Support provided includes regular reporting to donors, an annual review meeting to reflect on their Giving Fund’s activity to and their investment activity.
Customers can view their giving fund online.
The Hoare Family are experienced philanthropy and impact investing practitioners and customers can draw on their expertise.
The Master Charitable Trust team bring diverse experience in the charity sector, from charity leadership to philanthropic advice and grant support. Customers can connect with like-minded peers that share similar philanthropic aims through regular events hosted by the bank.
The Master Charitable Trust considers its impact as part of the preparation of its annual accounts.
The Master Charitable Trust team aims to have proactive discussions with donors to discuss the impact of their Giving Fund as part of an annual review. Customers may wish to request impact data directly from grantees; in other cases, for example where customers give anonymously, the Master Charitable Trust team can request updates on their behalf.
Email Address: Chris.Harden@hoaresbank.co.uk
Website: Philanthropy – charity | C Hoare & Co (hoaresbank.co.uk)
You can choose from one-off grants, multi-year giving, structures and performance-based grant-making, and everything in between. Founders Pledge considers themselves able to make grants which no other DAF provider is able to make, and facilitates grants to organisations and companies around the world, from early-stage charities, non-profits to complex research initiatives. All grants must be approved by the board of trustees before funds are received by recipient companies. A strict “zero-harm grant making policy” meaning no grants are allowed to reach organisations which are seen to harm people, the environment, or animals.
Zero fees for balances up to £5 million.
Open to Founders Pledge members, the DAF is one of the world's only zero-cost Donor Advised Funds. This ensures every penny donated goes to the recipient charities and has real impact. Donors can easily track and manage their account through the “member app”, where they can also make contributions, request grants and track donations. Alongside this, when donors wish to speak to a real person, a member of the team is available.
Donors have the opportunity to work with advisors every step of the way. They often begin with a consultation which can include a value discovery process, thanks to the in-house research team. This allows donors to receive individualised giving recommendations. After donations are placed in the DAF account, the in-house research team work further with the donor to understand the values of the donor, and will help map out a targeted, evidence-led philanthropic portfolio. Founders Pledge will provide regular updates on grantees progress and other relevant industry news to donors can continue to refine their giving strategy. A fully bespoke and flexible service is provided to donors which can align with their desired goals and values. There is also ample resources and guidance available which can help donors become more strategic givers.
The in-house research and advisory teams focus on providing high-impact funding opportunities so that donors can fund the most effective ways to tackle the world's biggest problems, and these recommended opportunities are regularly reviewed by the research team based on their level of impact.
Email: giving@founderspledge.com
Website: https://www.founderspledge.com/
Grants can be recommended to qualified charitable organisations around the world at any time.
As a UK charity, NPT UK must comply with all Charity Commission and HMRC regulations regarding required due diligence on beneficiary charities and acceptable grant purposes. In the UK, organisations must be registered with the Charity Commission for England and Wales, Office of the Scottish Charity Regulator, Charity Commission of Northern Ireland, or otherwise recognised as charities under the laws of those jurisdictions, including, for example, ‘exempt’ or ‘excepted’ charities. Grants to charities outside of the UK require additional due diligence to determine the charity’s eligibility to receive grants. Additional fees may apply for global grant recommendations in certain circumstances. NPT UK has final authority over the distribution of grants and must approve all grant recommendations.
If your DAF has a balance greater than £500,000, you can recommend an Investment Manager to manage the DAF assets with NPT UK's approval. For DAFs with a balance lower than £500,000, DAF users can choose from a preapproved list of investment options.
NPT UK offers a range of impact investment options on their DAF investment menu.
First £250,000-0.85%
Next £250,000- 0.70%
Next £500,000- 0.35%
Above £1,000,000- 0.20%
Minimum fee of £200 per month
Legacy Giving: A 1% fee of the value of the legacy is deducted from the assets, with fees ranging from
£2,400-£25,000.
No set up fee and can be opened within 48 hours. NPT UK accepts illiquid assets. Every illiquid asset is unique and subject to approval by NPT UK.
Fund the DAF - Contributions to NPT UK can be in the form of:
Thorough and expert advice offered.
International grant recipients are required to complete an annual declaration and report as to use of funds granted to them.
1.0 Investment Options
a. Are all investment options visible to donors?
Yes. DAF investment options are shown on the DAF Application and DAF Investment Update form. The donor can also see the DAF investment options on the DAF donor portal.
b. Can donors influence or change their investment strategies over time?
Yes. The donor can change the DAF investment recommendation via the DAF donor portal or a DAF Investment form.
c. How transparent is your DAF regarding investment holdings of donors?
Each donor can view the DAF investment holdings through the DAF donor portal.
2.0 Specialty Investment Options
a. Do you offer any specialty investment options, such as impact investments, private equity, real estate, or other? If yes, what are they?
The donor has the option of three impact investments from the standard investment options. For larger DAF balances, the donor can make a Bespoke Investment Recommendation which need to be approved by NPT UK Investment Committee.
3.0 A Client's Wealth Advisor Managing Donations
a. How do you collaborate with a client's wealth advisor to integrate DAF contributions into the client’s broader financial planning strategy?
NPT UK works with many wealth managers and advisors in raising awareness of the benefits of a DAF. This includes helping advisors understand how DAFs can be included in financial planning and how DAFs offer tax advantages, flexibility, and the ability to create a lasting impact to the client.
b. Can wealth advisors directly manage the investments held within a client’s DAF account including the selection process and decision-making process?
For DAFs above £500k, the donor can recommend a specific wealth manager to manager the DAF funds.
Outline conditions that apply to this?
The minimum DAF balance must been over £500k and the investment manager plus investment strategy must be approved by NPT UK’s Investment Committee.
c. What kind of platform is available for donors to view and manage their DAF accounts?
The donor can access the online DAF donor portal to view and manage the DAF.
4.0 Grant Payout Rate
a. What is your average grant payout rate over the past few years?
NPT UK publishes the annual UK DAF Report. The aggregate grant payout rate from donor-advised funds in the UK was 24.7 per cent in 2022. DAF Report link - https://www.nptuk.org/wp-content/uploads/2023/11/DAF-Report-2023-UKN.pdf
b. Are there any guidelines that impact the amount of grants issued from DAF accounts?
N/A
c. How transparent are you with donors regarding their grant payout rates?
NPT UK Annual Report and Accounts are publicly available. We also publish an annual Grantmaking Report.
d. Do you collect information on the impact of these grants?
We collect information on grants according to HMRC and Charity Commission rules.
5.0 Grant Recipient Selection
a. What is the due diligence process used to select recipients for DAF grants?
NPT Transatlantic grantmaking due diligence on charities follows HMRC and Charity Commission grantmaking rules.
b. How many recipients do you have listed? What is the average number of recipients your DAF supports annually?
Please see link to our 2023 Grantmaking Report - https://www.nptuk.org/annual-reports/2023-grantmaking-report/
Email Address: enquiries@nptuk.org
Website: www.nptuk.org
Grants can be recommended to qualified charitable organisations around the world at any time.
As a UK/US dual qualified charity, NPT Transatlantic must comply with all Charity Commission, HMRC and IRS regulations regarding required due diligence on beneficiary charities and acceptable grant purposes. In the UK, organisations must be registered with the Charity Commission for England and Wales, Office of the Scottish Charity Regulator, Charity Commission of Northern Ireland, or otherwise recognised as charities under the laws of those jurisdictions, including, for example, ‘exempt’ or ‘excepted’ charities. In the US, organisations must be tax-exempt under Internal Revenue Code Section 501(c)(3) and classified as public charities under Code Section 509(a). Grants can also be made to US private operating foundations as described in Code Section 4942(j)(3), in some circumstances. Grants to charities outside of the UK or US require additional due diligence to determine the charity’s eligibility to receive grants. Additional fees may apply for global grant recommendations in certain circumstances. NPT Transatlantic has final authority over the distribution of grants and must approve all grant recommendations.
If your DAF has a balance greater than £500,000/$800,000, you can recommend an Investment Manager to manage the DAF assets with NPT Transatlantic's approval. For DAFs with a balance lower than £500,000/$800,000, DAF users can choose from a pre-approved list of investment options. NPT Transatlantic offers a range of impact investment options on their DAF investment menu.
First £250,000/$400,000- 0.85%
Next £250,000/$400,000- 0.70%
Next £500,000/$800,000- 0.35%
Above £1,000,000 /$1,600,000- 0.20%
Minimum fee of £200/$300 per month
A 1% fee of the value of the legacy is deducted from the assets, with fees ranging from $3,600-$40,000.
No set up fee and can be opened within 48 hours. NPT Transatlantic accepts illiquid assets. Every illiquid asset is unique and subject to approval by NPT Transatlantic.
Fund the DAF – Contributions to NPT Transatlantic can be in the form of:
Thorough and expert advice offered.
International grant recipients are required to complete an annual declaration and report as to use of funds granted to them.
1.0 Investment Options
a. Are all investment options visible to donors?
Yes. DAF investment options are shown on the DAF Application and DAF Investment Update form. The donor can also see the DAF investment options on the DAF donor portal.
b. Can donors influence or change their investment strategies over time?
Yes. The donor can change the DAF investment recommendation via the DAF donor portal or a DAF Investment form.
c. How transparent is your DAF regarding investment holdings of donors?
Each donor can view the DAF investment holdings through the DAF donor portal.
2.0 Specialty Investment Options
a. Do you offer any specialty investment options, such as impact investments, private equity, real estate, or other? If yes, what are they?
The donor has the option of three impact investments from the standard investment options. For larger DAF balances, the donor can make a Bespoke Investment Recommendation which need to be approved by NPT Transatlantic Investment Committee.
3.0 A Client's Wealth Advisor Managing Donations
a. How do you collaborate with a client's wealth advisor to integrate DAF contributions into the client’s broader financial planning strategy?
NPT Transatlantic works with many wealth managers and advisors in raising awareness of the benefits of a DAF. This includes helping advisors understand how DAFs can be included in financial planning and how DAFs offer tax advantages, flexibility, and the ability to create a lasting impact to the client.
b. Can wealth advisors directly manage the investments held within a client’s DAF account including the selection process and decision-making process?
For DAFs above £500k/$800k, the donor can recommend a specific wealth manager to manager the DAF funds.
Outline conditions that apply to this?
The minimum DAF balance must been over £500k/$800k and the investment manager plus investment strategy must be approved by NPT Transatlantic’s Investment Committee.
c. What kind of platform is available for donors to view and manage their DAF accounts?
The donor can access the online DAF donor portal to view and manage the DAF.
4.0 Grant Payout Rate
a. What is your average grant payout rate over the past few years?
NPT UK publishes the annual UK DAF Report. The aggregate grant payout rate from donor-advised funds in the UK was 24.7 per cent in 2022. DAF Report link - https://www.nptuk.org/wp-content/uploads/2023/11/DAF-Report-2023-UKN.pdf
b. Are there any guidelines that impact the amount of grants issued from DAF accounts?
N/A
c. How transparent are you with donors regarding their grant payout rates?
NPT Transatlantic Annual Report and Accounts are publicly available. We also publish an annual Grantmaking Report.
d. Do you collect information on the impact of these grants?
We collect information on grants according to HMRC, Charity Commission and IRS rules.
5.0 Grant Recipient Selection
a. What is the due diligence process used to select recipients for DAF grants?
NPT Transatlantic grantmaking due diligence on charities follows HMRC, Charity Commission and IRS grantmaking rules.
b. How many recipients do you have listed? What is the average number of recipients your DAF supports annually?
Please see link to our 2023 Grantmaking Report - https://www.nptuk.org/annual-reports/2023-grantmaking-report/
Email Address: enquiries@nptuk.org
Website:www.nptuk.org
Donations are donor-led and donors can suggest distributions with flexibility, whether in the UK or overseas, or through social impact investments for example. Grants to profit making companies are also allowed if there is a clear philanthropic aim. Donor's may recommend any charitable initiative globally, but legally the decision lies with Prism’s trustees as with any DAF. Prism has an entrepreneurial ethos that runs throughout the organisation meaning we are swift, efficient and flexible in what we can accept and distribute, as long as it complies with UK law. Most UK grants are out within 24-48 hours, and overseas grants can be made within a week or less. Prism has an award-winning due diligence, governance and compliance process with strong policies in place to ensure the funds are utilised according to the donor’s desired charitable purposes.
DAF investments are also donor-led. Donors can select an investment manager of their choice. Currently Prism holds over £300m in assets across 40 wealth management firms of which donors can choose from.
Prism charges fees based on the administrative input required to facilitate the activity of the DAF. Fees start from £1,500 plus VAT per quarter. Fees are calculated specifically for each client’s needs, measuring how many of Prism’s services the DAF will use. For example, how many charitable distributions and how complex? Or do clients use Prism Offshore, Prism’s US service or Next Gen?
Prism also offers Collective Funds, a unique model for individuals, groups and organisations looking to raise money tax effectively and swiftly for charitable purposes. Prism provides the administration, compliance and governance removing obstacles involved in setting up a standalone fundraising or operational charity. Minimum to open a Collective Fund £50,000.
If donors wish and where appropriate, Prism can make soft introductions to charities or organisations of interest to DAF clients. Prism also runs educational events to familiarise more people with the charity landscape and charities working in various fields. However, when donors are looking for a giving strategy or similar, Prism can make informed introductions to professional philanthropy advisors. Donors also receive quarterly summaries of their donations and investments performance. Furthermore, end of tax year statements summarise donors’ philanthropy for their tax return.
Donor’s grants are measured against the UN Sustainable Development Goals [SDG] to see their areas of impact. As part of its thorough due diligence processes Prism requires reporting from all its charities, allowing donors to directly see how their funds have been used to fulfil their philanthropic purpose and contribute to international charitable objectives.
1.0 Investment Options
a. Are all investment options visible to donors?
Yes, all donors are made aware of the investment options available during the onboarding process with Prism. Funds are invested with a wealth manager at the suggestion of the donor. The funds are invested pending distribution for charitable purposes over extended periods with the intention that capital growth and income will increase the volume of funds available for distribution and allow sustainable grant making capabilities.
b. Can donors influence or change their investment strategies over time?
Yes, the strategy may change and will need to be re-approved by the Prism Finance and Investment Committee of the Board of Trustees.
c. How transparent is your DAF regarding investment holdings of donors?
All information can be found in the Annual Accounts published on the Charity Commission website, including all investment objectives, investment managers Prism has active accounts with, attitude to risk and total number of assets under management.
2.0 Specialty Investment Options
a. Do you offer any specialty investment options, such as impact investments, private equity, real estate, or other? If yes, what are they?
Prism’s financial investments can include cash, bonds, loans, equities, property, hedge funds, structured products, private equity funds, commodities, non-traded shares in unlisted private companies, derivatives, managed funds and any other asset deemed suitable by the Investment Committee. The Fund can also consider Programme Related and Mixed Motive Investments in accordance with Charities Commission guidance.
3.0 A Client's Wealth Advisor Managing Donations
a. How do you collaborate with a client's wealth advisor to integrate DAF contributions into the client’s broader financial planning strategy?
As a matter of policy, Prism does not “self-manage” and all funds other than short term holdings are placed with or through reputable investment management professionals as suggested by our clients. Prism works with over 40 investment advisers. Prism becomes the underlying account holder whilst the client can continue to engage with their preferred wealth advisory.
b. Can wealth advisors directly manage the investments held within a client’s DAF account including the selection process and decision-making process?
When a donor suggests a portfolio and/or investment manager, the Finance and Investment Committee of the board of Prism will review the structure and sign off to ensure it is acceptable to the Charity. Monthly and quarterly valuations are produced for the Finance and Investment Committee (and the donor). The Board meet quarterly to review all valuations and take any appropriate action.
c. What kind of platform is available for donors to view and manage their DAF accounts?
Bespoke quarterly statements are shared with clients who also have full access to their account through their dedicated relationship manager. Clients also have access to online investments under management.
4.0 Grant Payout Rate
a. What is your average grant payout rate over the past few years?
The average grant payout rate over the past few years is at 27.9%
b. Are there any guidelines that impact the amount of grants issued from DAF accounts?
Prism strives to process as smoothly and efficiently all grant requests, as long as these sit within charity commission guidelines we will process the donations in line with the agreements laid out with the donor.
c. How transparent are you with donors regarding their grant payout rates?
As a UK charity this is not a request by donors however all information and accounts are publicly available
d. Do you collect information on the impact of these grants?
Yes, Prism requires reporting and sharing of the annual progress from grantees. This can depend on the donor and their preferences on communication style.
5.0 Grant Recipient Selection
a. What is the due diligence process used to select recipients for DAF grants?
Prism will conduct thorough due diligence on grantees as per charity commission guidelines and recommendations.
b. How many recipients do you have listed? What is the average number of recipients your DAF supports annually?
Prism grants out annually to thousands of charitable organisations worldwide. We are not limited to a prescribed list of grantees. We can run due diligence on any charitable entity globally.
Email Address: lara@prismthegiftfund.co.uk
Website: https://prismthegiftfund.co.uk/donor-advised-funds/
Grants are disbursed to qualified charitable projects in line with UK charity law and regulations including grants to registered charities both domestic and international, and other not-for-profit public benefit organisations providing social impact. All recipient organisations must fulfil Prospero World’s Due Diligence requirements before a grant will be made. There is no minimum grant size, however, the average grant is £20k.
Donors may recommend charities, but legally the decision lies with the Prospero World Trustees. Entities which can receive grants include qualified charities- both domestic and international- which fulfil the due diligence process. Most grant rules are bespoke and dependant on each individual charity. The distribution policy is done on a case-by-case basis, with the time between grant request and the grant money being given out ranging from hours to months, depending on due-diligence process and other key factors.
Prospero’s DAF philosophy is to channel the DAF back into the charitable sector as swiftly, efficiently and effectively as possible. We encourage DAF clients to disburse entirety of funds over £200k within 12 months.
Prospero World offers full-service management of donor-advised fund accounts as tax-efficient philanthropic giving vehicles for donors with myriad benefits. Prospero World handles the administrative, fiduciary and reporting of DAF. accounts on behalf of the donor and provides advisory services that include grant management, strategic planning and impact measurement.
Yes, grant recommendations to potential foreign grantees may be made by Prospero World or the Donor. Due diligence is conducted on all potential grantees and grants must meet Trustee approval. Prospero World requires foreign charities to adhere to additional reporting requirements to verify use of funds.
The extensive, bespoke support given to Donors of PW DAFs is what sets Prospero World apart.
Since 2007, Prospero World has been guiding and supporting the journey of philanthropists by identifying outstanding NGOs around the world, conducting research, monitoring and evaluating charitable projects, and providing philanthropic advisory services to individuals. Prospero World offers Donors education reports, research, events, site visits and trips, and proactively researches charities and may make grant recommendations to Donors.
Prospero World nurtures relationships between donors and charities, introducing field experts to donors to either further develop existing fields of interest, or to identify areas of charitable activity that may be of particular interest. As well as organizing private meetings, Prospero World hosts events to showcase the work of exceptional organisations.
We monitor donations made ensuring they have been spent in line with the purpose for which they have been given, and evaluate the impact donations have had. We then report back to donors both verbally and through written reports. Our monitoring and evaluation work includes site visits, where appropriate.
Prospero World handles the administrative, fiduciary and reporting of DAFs on behalf of the donor and provides advisory services that include grant management, strategic planning and impact measurement.
We conduct due diligence on charities and Social Enterprises and provide robust advice to donors about their tax-efficient giving.
Prospero World assesses, identifies, and manages the risks arising from accepting donations and disbursing grants.
Prospero World conducts due diligence not only on the charities and organisations to whom we make charitable grants, but also on our Donors. The purpose of our due diligence is to assess source of funds, safeguard legal frameworks and to confirm the integrity and reputation of our Donors in both the business and charitable communities. To this end, Prospero World uses a robust but proportionate due diligence methodology to flag an early warning signs of problems regarding donations. We have chosen to bank with Triodos Bank who have a strict code of ethical banking.
Due diligence procedures will be more rigorous for large donations and for new donors who are unfamiliar, or previously unknown to Prospero World. Due diligence is always carried out directly by representatives of Prospero World and not third party contacts.
Prospero World engages in stringent “Know Your Donor” criteria. These guidelines on accepting donations from individuals are to ensure adequate safeguards that Prospero World only accepts donations that are from legal sources and are acceptable to Prospero World’s charitable mission, thus fulfilling duty of care. These guidelines are used to flag any early warning signs of suspicious donations while embarking on the due diligence process.
Prospero World verifies end use of funds and monitors donations made ensuring they have been spent in line with the purpose for which they have been given. We evaluate the impact of donations and report back to donors both verbally and through written reports. Our monitoring and evaluation work includes site visits, where appropriate.
Prospero World does not accept unsolicited proposals. If a Donor wishes to recommend a grant to a specific charity, Prospero World will initiate the due diligence process. Once successful due diligence is completed, the charity will be invited to submit a grant proposal.
Prospero World also offers the “Start Right” training academy to educate and inspire the Next Generation of philanthropists or for those who are new to giving, new to the UK or who want to gain experiential learning about a new funding area in a safe space. Min. contribution = £10,000. For more information, please visit: https://www.prosperoworld.org.uk/startright
Email Address: elizabeth@prosperoworld.org
Website: https://www.prosperoworld.org.uk/donor-advised-funds
SharedImpact follows donors' advice so long as it matches their charitable objectives, and it is feasible. Our charitable objectives include “helping charitable bodies, and non-charitable bodies pursuing a charitable purpose, to access funding solutions to help them thrive for the benefit of the public”. SharedImpact allows you to direct your donations into 'social investments'. You can lend your donation to a charity, and when they repay it lend it out again. They also permit donors to donate your account balance to charities if you wish to. You can deploy your grants both locally and internationally.
Your existing wealth manager can manage your finds. “Loan out” opportunities are possible, including impact investments, meaning you can lend money to charities, not just grant towards them.
No setup fee. Transaction-based fees are tiered, varying between 0.1% and 5% depending on transaction size.
You can get dual tax deductions if you pay tax internationally.
There is flexible one-to one support available for each donor. This allows for a safe space for donors to share concerns or ask questions. It also catalyses strong relationships between donors and their advisors.
SharedImpact do not produce individual impact reports as they do not want to subject charities to undue measurement overhead. Instead, SharedImpact take the annual reports that charities release and pass those on to the donor by way of a progress update.
Email Address: info@sharedimpact.org
Website: www.sharedimpact.org
Giving Account – up to £25,000 annually
Donor Advised Fund account - £25,000 to £500,000
Philanthropy Fund account- £500,000 and over
Donors can choose from 13,000 charities, churches and Christian workers already registered for support with Stewardship. Donors can also suggest charitable causes that are not already registered with Stewardship. While Stewardship is a Christian charity, neither donors or causes have to be Christian, as long as the objects and activities of charities receiving grants do not conflict with those of Stewardship. On average, the time between a grant request being made and, where approved, the grant being given is a week, but it can vary depending on the size of the grant and where the grant is going. Grants are made subject to due diligence processes, including a review of the charitable objectives of an organisation, and ‘Know-Your-Customer’ checks to ascertain the source of donors’ money.
Higher value, cross-Border giving is typically handled in partnership with TrustBridge Global, a Swiss foundation with an international member network. International grants handled by this partnership incur an additional 1% fee.
Social Impact Investing is an option for Philanthropy and Donor Advised Fund donors. Social Investment provides long-term capital, helping your chosen cause to scale up and become more sustainable. It has the potential to generate a return to your account which can then be ‘recycled’ into further social investments or grants.
Philanthropy and Donor Advised Fund donors can also request that Stewardship invests some or all of their account balance, with the potential to grow it over the long-term. Stewardship has three externally managed investment portfolios to offer: the Stewardship Balanced Portfolio, the Stewardship Growth Portfolio and the Stewardship Sustainable Investment Portfolio.
Stewardship has adopted an investment policy that enables its capital and resources to be directed into investments which have both financial and societal impact, with a focus on investments in churches and charities and opportunities underpinned by the UN’s Sustainable Development Goals. Read Stewardship’s investment policy
Stewardship is not authorised or regulated by the Financial Conduct Authority and does not provide investment, tax or legal advice, nor recommendations in relation to investments. Read Stewardship’s full investment disclaimer
|
Gift amount in calendar year |
Rate |
|
Up to £50,000 |
3% |
|
£50,001 - £250,000 |
2% |
|
£250,001 and above |
1% |
|
Philanthropy Fund fees on total assets held (including cash balances and investments): |
Rate |
|
Up to £2.5m |
0.6% |
|
£2.5m and above |
0.3% |
|
Annual minimum fee |
£6,000 |
|
Investment options: |
Rate |
|
Stewardship Equity Portfolio |
0.20% |
|
Stewardship Balanced Portfolio |
0.20% |
|
Stewardship Sustainable Investment Portfolio |
0.20% |
|
Minimum amount for initial Investment request into a portfolio(s) |
£10,000 |
|
Subsequent addition/withdrawal minimum |
£5,000 |
|
Annual minimum fee |
No annual minimum |
Philanthropy Fund donors can opt for the additional support of Stewardship’s pioneering Donor Advisory Board service, which allows the donor to include family, friends and trusted advisers in their grant-making decisions, but without the administrative burden of trusteeship.
While Stewardship is a faith-based organisation, it serves people of all faiths and those who have no faith. Charities can become a part of Stewardship’s community by opening a Partner Account to receive charitable support, including with fundraising campaigns. Stewardship handles the associated administration and Gift Aid claims.
Stewardship is developing a dedicated community for next-generation philanthropists supported by small-scale events, discussions and other resources. Stewardship also leads ‘Journey of Generosity’ retreats, which create a space for philanthropists to reflect on their giving motivations and aspirations.
For Donor Advisory Board donors, a quarterly impact review and annual impact report are provided. This service can be extended to other Philanthropy Services donors if desired. Stewardship’s in-house grant managers rigorously explore the proposed impact of major grants and impact assessments are received from recipient charities, typically 12 months after a major grant has been made. For those wanting a more detailed evaluation of the impact of their fund, Stewardship partners with Eido Research.
Dual UK and US taxpayers wanting to donate with impact and efficiency are served by TrustBridge member and US public charity International Generosity Foundation (IGF), which can facilitate donations with the benefit of tax relief in both countries.
1.0 Investment Options
a. Are all investment options visible to donors?
Donor Advised Fund (“DAF”) = The 3 Stewardship Investment Portfolios are visible to donors when they log into their account. Investment Portfolio Performance reports are shared with donors on a quarterly basis.
Philanthropy Fund (“PF”) = As well as the 3 Stewardship Investment Portfolios available to DAF clients (see above), PF clients can also nominate their own Investment option(s) for our approval. This might comprise listed securities, investment funds or a fully discretionary managed account.
b. Can donors influence or change their investment strategies over time?
DAF = Donors can choose to invest in any of 3 portfolios at any time. Withdrawals from these investments can also be requested at any time.
PF = Yes, PF clients can choose to invest in any of theStewardship portfolios and / or their Nominated Investment Option(s) at any time.
c. How transparent is your DAF regarding investment holdings of donors?
DAF = Investment Portfolio Performance reports are shared with donors on a quarterly basis. Donors can review the value of their funds in each of Stewardship’s 3 pooled investment portfolios from their account.
PF = On a monthly basis Stewardship will communicate Nominated Investment Option valuations with the donors.
2.0 Specialty Investment Options
a. Do you offer any specialty investment options, such as impact investments, private equity, real estate, or other? If yes, what are they?
These options are only available to our Philanthropy Fund donors (see above).
3.0 A Client's Wealth Advisor Managing Donations
a. How do you collaborate with a client's wealth advisor to integrate DAF contributions into the client’s broader financial planning strategy?
With the donor’s instructions, the Stewardship DAF and PFteams can liaise with a client’s wealth manager regarding maximising a donor’s giving potential and assisting donors with requests they make on their account.
b. Can wealth advisors directly manage the investments held within a client’s DAF account including the selection process and decision-making process?
Wealth advisors can be added as an additional user on a DAF or PF client’s account, at their request. Wealth Advisors would then be able to make investment requests and manage donations inthose circumstances where a client has instructed Stewardship that they have permission to do so either with sole or dual authorisation. For DAF clients, the selection of investment portfolios is set, and Stewardship offers 3 different investment options which donors can invest in.
c. What kind of platform is available for donors to view andmanage their DAF accounts?
Donors’ accounts can be managed using the Stewardship online account platform or otherwise by speaking with the Stewardship Philanthropy Services team by phone or email. The online account has functionality to review their giving, manage their top-ups online, review the funds in each investment portfolio, review their account statements, and much more.
4.0 Grant Payout Rate
b. Are there any guidelines that impact the amount of grants issued from DAF accounts?
All Grants paid to partners are made at the discretion of Stewardship’s Trustees. We reserve the right to request additional information or reports (including audited reports if you are an organisation) from you regarding the use of the Grant funds upon reasonable notice.
d. Do you collect information on the impact of these grants?
Yes, those grants which are subject to additional due diligence will require a report to be provided to us by the partner, usually 12 months after the grant date, detailing how funds have been spent in line with any terms attached to the grant. This can, where appropriate, also be made available to the donor who made the original donation request.
For some of Stewardship’s PF clients, we will provide impact reporting at a more bespoke level, as requested by the donor. For these clients we provide annual reporting on their grant-making activity, which includes impact and post-grant reporting obtained from partners.
5.0 Grant Recipient Selection
a. What is the due diligence process used to select recipients for DAF grants?
The partners which we support are at the request of our clients, again at the discretion of our trustees, and where a client wishes to support a cause that is not yet registered with us then we will contact them to establish whether we are able to support them (i.e. their activities are in line with our charitable objectives).
b. How many recipients do you have listed? What is the average number of recipients your DAF supports annually?
13,000+ registered partners
Email Address: philanthropy@stewardship.org.uk
Website: https://www.stewardship.org.uk/philanthropy-services
Grants must be given to organisations working on projects deemed charitable as defined by legislation. There is no limit to distribution and no set minimum/maximum time. People can give globally to charities registered in their own country. There are extensive due diligence checks on prospective charities for donations.
Investments are usually managed by client's existing advisors, but impact investment options are provided for clients looking to further leverage their philanthropic capital. An entire suite of options is provided for clients to choose from when selecting their impact/ESG investment providers.
Charities do not need to apply, as there is a pro-active outreach.
Philanthropic strategy development support, education opportunities, working with professional advisors, due diligence on prospective charities, pro-active research to identify prospective charities and projects that meet donor interests, criteria and values, impact monitoring and assessment, participatory grant making, family philanthropy. Clients also receive training both in person and online, and networking events are provided primarily in person with some online activities.
The Good Works Company works with clients to define desired impact and seek partners to fulfil this, then work with them on reporting mechanisms.
Email Address: Allan@goodworkscompany.org
Website: www.goodworkscompany.org
All grants must be made to UK registered charities and exempt charities. The trustees are required to approve all grants in line with Charity Commission rules. Donors can choose when they wish to make grants to charities and how much they want to give. Donors can make regular payments, give away income generated in the portfolio or donate lump sums.
Investment options are available via UBS Wealth Management. UBS will work with you to choose an investment strategy which suits each clients’ charitable account.
Investment manager fees if required, a fee will be charged for the management of assets in your DAF.
Donations are hugely flexible, with no minimum or maximum amount. The donor's personal client advisors will be able to carry out the donors' instructions. All donations are irrevocable.
UBS continually offers clients/advisors training, and views this as part of their day job. UBS also runs Philanthropy events; however, these are not DAF specific.
Impact is not measured directly through the DAF, as UBS wishes to make giving as easy and simple as possible.
Email Address: sh-ukphilanthropyservices@ubs.com
Website: https://www.ubs.com/uk/en.html
As place-based funders, community foundations have developed their own grant making and eligibility criteria in response to the specific needs of their areas. Grants are normally made to registered charities, or community organisations with a charitable purpose, and some community foundations make grants to individuals. Grants can be as small as £50 and as large as £50,000 or more, depending on the donor’s wishes. The network of community foundations covers the whole of the UK and Ireland, and individual community foundations often collaborate with each other to distribute grant funding for particular donors across multiple areas of the country. Community Foundation Northern Ireland and Community Foundation Ireland provide cross-border support through their All-Island Fund. National programmes, centrally managed by UKCF, can include some or all the UK nations depending on the size and objectives for the fund.
Building a long-term, permanent resource for the benefit of local communities is at the heart of what community foundations do. Many have built up sizeable, professionally managed long-term endowment funds comprising individual donor funds which are pooled for investment purposes. This income is available year after year, and many donor funds have now made grants totalling more than the original donations, whilst protecting the real term value of the funds into the future. Each community foundation has its own investment policy, but they all share many years’ experience of managing endowment funds on behalf of a wide range of donors. Increasingly these donors are involving their children in grant giving, and many community foundations have succession planning arrangements in place for the inter-generational transfer of the funds. Community foundations also offer a flow-through revenue fund option, where the donation is available for immediate use and can be topped up at any time. Many also offer a hybrid fund option, which allows donors to respond to immediate grant-making priorities whilst building an endowment fund for the long term.
Community foundations also work with charitable trusts and other charities with dormant or inactive assets to revitalise them into active funds through transferring the assets to the community foundation. They liaise with the Charity Commission to provide the trustees with support and advice throughout the transfer. Community foundations can receive donations in the form of shares, property or land on which there can be tax relief available to the donor.
Community foundations offer a high-quality, individually tailored philanthropy advice service and fees vary depending on the level of service each donor requires. Individual community foundations have their own fee structures, but typically an endowment fund might attract an annual contribution to the community foundation’s costs of between 1% and 3% of the capital value of the fund. A flow-through fund service might cost a one-off 10% of the value of the donation.
Community foundations are embedded within their communities in perpetuity and receive legacy gifts, working with family members, friends and/or professional advisers to ensure the legator’s wishes are met.
Community foundations have extensive knowledge of their local communities, needs and aspirations and can provide donors with all the support they need to make the most of their charitable giving. This bespoke service includes professional investment management, charity due diligence, grants administration, project visits and other educational opportunities, research reports, events and networking opportunities. Community foundations also work closely with professional advisers in their area to enhance the quality of the philanthropic advice available to their clients.
UK Community Foundations (UKCF) is the membership body for 47 accredited community foundations which cover every postcode of the UK, and three international members in Ireland, Jersey and Bermuda.
Community foundations inspire place-based philanthropy, transforming private wealth into community resources for both now and the long term. Collectively, the national network of community foundations holds over £800 million in endowed funds and distributes over £170 million each year to local groups and organisations that are tackling the biggest issues facing communities today.
The UKCF network has a profound impact across the UK. Each community foundation collects impact information on the grants it makes and reports publicly on its impact each year. Many foundations also share data through the online data tool, 360 Giving, to enhance learning on grant making nationally. The network is committed to transparent reporting and to developing our understanding of the impact we have; new data tools will enable us to report in future years in more detail on our collective impact as a network.
Community foundations are locally embedded and our grant making is based on a sophisticated understanding of local need and how funding can be used for greatest impact. Members produce regular social needs reports that help identify grant-making priorities and influence other bodies, supporting a shared agenda for action and investment. UKCF pulls together the network’s data on local giving each year, and you can find its Philanthropy 2023 Report here.
To find your nearest foundation, please visit the UKCF website. If you would like to find out more about giving through UKCF, please get in touch.
The Princes Exchange Foundation is under the care of Turcan Connell. For more information please contact: enquiries@turcanconnell.com
A DAF can function exactly as a Personal Charitable Trust would. Their structure means that the administrative burden is placed onto the trustees, who offer advice to donors and have systems in place to ensure that tax and other legal obligations are fulfilled. This empowers the donor to pursue their passion, content in the knowledge that their funds are being handled responsibly. On top of this, there is more flexibility: for example, you may choose to remain anonymous in your giving and there is no need to appoint a board of trustees.
Alongside their ability to make philanthropy both simple and effective, DAFs can also be used as a quick way to distribute funds in emergency situations, as experienced in the early stages of the COVID-19 pandemic when the needs were both great and immediate.
Over the past 5 years, giving from Donor Advised Funds in the UK has increased by 130%, from £250.3m to £575.4m (Source: CAF ‘Philanthropy Comes of Age’ report, released 2020), testament to the effectiveness of using a DAF. However, annual charitable giving in the UK tends to be in excess of £10bn, swamping the amount given by DAFs: under 6% of this figure. It is integral that professional advisors have access to clear, accurate information surrounding the Donor Advised Fund Market- so that they can present the full palette of options to their clients. Our research has shown that each DAF has its own strengths, and there are key differences in structure and flexibility, which we summarise in the below information.
We have compiled a list of UK Donor Advised Funds. Our research outlines the key features of each, for ease of comparison.
This can be in the form of cash, shares, property and other assets. Assets accepted vary according to DAF provider. There is usually a minimum initial donation required to open the account. It is at this point that you may name your trust alongside appointing your advisors, successors and beneficiaries. After the initial minimum donation, donors can give subsequent contributions, of a smaller value. All donations are irrevocable once given.
The shares and other investments you have donated to your DAF will grow in value, meaning you have more capital at your disposal for grant giving. Not all DAF providers offer the option to hold investments in an account. Commonly promoted among Donor Advised Fund Managers to ensure total portfolio impact, is the transition of your investments to ethical, ESG or impact funds. This ensures that what you’re investing in doesn’t contradict the good work of your grant-making. The structure also invites riskier social investment: since all the assets in the fund have been earmarked for charitable giving, why not invest in projects which result in a positive impact?
Distributing your grants is made easy through a Donor Advised Fund. The donor recommends grants from their charitable account to qualified charities. The capabilities of each DAF vary: some DAFs only allow giving to UK registered charities, whereas others will go to great lengths in due diligence to allow you to give more flexibly. Some DAFs are specifically set up for dual qualified citizens. You can request one-off grants to be made or set up standing orders. This will all be managed and properly documented by the trustees.
To find out more about Donor Advised Funds, you can watch our previous webinars on the topic HERE.
To view the UK DAF Market, return to the top of the page and select the option from the menu.
The below list details the list of Donor Advised Funds available in the United Kingdom. Scroll down to find out more.
Cazenove Capital‘s DAF is administered by National Philanthropic Trust (NPT UK), an independent UK charity. They will collaboratively deal with all administration of your DAF which allows you to focus on the causes you care about.
Grants must be for a minimum of £1,000.
Grants can be made to UK registered charities.
Grants to Community Interest Companies (CICs) and overseas not-for-profit organisations are also possible, although these are subject to extra due diligence to ensure that a grant would be used in accordance with UK charitable purposes. We have extensive experience in making overseas grants.
We believe that funds set aside for charitable giving should be invested in a responsible and ethical way. As a consequence, we are committed to investing funds in accordance with environmental, social and governance standards set out in our investment policy.
Our default investment manager is Castlefield, an investment firm with a long standing commitment to ESG investing. That said, we are expanding our range of investment providers and welcome requests from new donors to add new investment management firms.
An account administration charge is levied on the total value of funds in a DAF account. Standard fee rates are:
· 0.40% per annum on the first £1m.
· 0.20% per annum on the next £4m.
· 0.15% per annum on funds above £5m.
Account administration fees are charged quarterly based on the fund valuation at the start of each quarter. All accounts will be charged a minimum fee of £650 per quarter.
We do not charge an account set up fee although, if a DAF is closed within 3 years of account opening, we reserve the right to charge an early closing fee of up to £1,000.
As a small DAF provider, we aim to provide all our donors with a personal and responsive service. All donors have a dedicated relationship manager and receive quarterly reports on their funds.
The Charity Service offers a philanthropy advice service as an optional extra for DAF account holders that want support with developing a philanthropic strategy, researching and selecting charities, and monitoring and evaluating grants made.
We are not prescriptive about how best to measure impact. We recognise there are a range of different approaches and tailor impact assessment according to the philanthropic objectives of each donor.
1.0 Investment Options
a. Are all investment options visible to donors?
Yes.
b. Can donors influence or change their investment strategies over time?
Yes. Donors can choose between investment strategies offered by our default investment manager, Castlefield. Alternatively we will consider donor requests to use alternative investment providers in line with our investment policy. We are currently exploring expanding our range of investment providers which will offer further choice to donors.
c. How transparent is your DAF regarding investment holdingsof donors?
Donors receive quarterly investment reports and account statements. Donors may also request statements on an ad hoc basis. Donors can also choose receive updates via phone call, online or face to face meetings.
2.0 Specialty Investment Options
a. Do you offer any specialty investment options, such as impact investments, private equity, real estate, or other? If yes, what are they?
We believe that funds set aside for charitable giving should be invested in a responsible and ethical way. As a consequence, we are committed to investing all funds in accordance with environmental, social and governance standards set out in our investment policy. Our default investment manager is Castlefield, an investment firm with a long standing commitment to ESG investing. We are currently exploring expanding our range of investment providers and are also open to recommendations of new investment management firms from new donors.
3.0 A Client's Wealth Advisor Managing Donations
a. How do you collaborate with a client's wealth advisor to integrate DAF contributions into the client’s broader financial planning strategy?
Each DAF holder is allocated a dedicated relationship manager. The relationship manager acts as a single point of contact for the donor and may, at the donor’s request, liaise with advisors including wealth advisors or philanthropy advisors regarding the donor’s financial planning and/or giving strategies.
b. Can wealth advisors directly manage the investments held within a client’s DAF account including the selection process and decision-making process?
No
c. What kind of platform is available for donors to view andmanage their DAF accounts?
Donors receive quarterly investment reports and account statements. Donors may also request statements on an ad hoc basis. Donors can also choose receive updates via phone call, online or face to face meetings.
4.0 Grant Payout Rate
a. What is your average grant payout rate over the past few years?
Grant payout rate varies by fund but is typically 15-30%
b. Are there any guidelines that impact the amount of grants issued from DAF accounts?
No. We encourage donors to recommend grants regularly but we work flexibly with our donors rather than having firm guidelines.
c. How transparent are you with donors regarding their grant payout rates?
We provide donors with quarterly reports outlining any income and grants made.
d. Do you collect information on the impact of these grants?
Impact reporting is done on a case by case basis and communicated to the donor in a format agreed with them.
5.0 Grant Recipient Selection
a. What is the due diligence process used to select recipients for DAF grants?
Donors may recommend grants to any UK or overseas charity. We also consider grants to CICs if the grant is to be used for wholly charitable purposes. We carry out a thorough due diligence process on all recommended grant recipients using information found on the Charity Commission website, the recipient website and other publicly available information. We also typically contact the recipient organisation for the information we require. We consider the organisation’s financial position, whether the organisation has complied with reporting requirements, governance arrangements and whether they have appropriate policies and procedures in place for example safeguarding, data protection and volunteering policies.
Due to the additional challenges in carrying out due diligence on overseas charities and CICs there is an additional fee for these grants.
b. How many recipients do you have listed? What is the average number of recipients your DAF supports annually?
The number of recipients varies from year to year. In 2023-24 we made 82 grants from our DAFs.
Contact details
Email: enquiries@charityservice.org.uk
Website:www.charityservice.org.uk
The donor has complete control to request grants be paid to their selected recipients from their DAF account, in any of the Chapel & York Foundations. Grantees or recipient entities must pass due diligence and agree to terms and conditions including that the funds received must be used for charitable purposes. Once a grant request is approved, grants are typically paid within 2-4 weeks.
Investment options. In UK coming in 2025.
Investment Options in US are available for DAF clients of the Chapel & York US Foundation.
DAF fees start at £2,000 + VAT per annuum for an Individual DAF.
DAF fees start at £5,000 - £10,000 + VAT per annum for Company DAF.
Plus a 1% retention rate on DAF contributions, a 0.05% admin fee based on the percentage on balance of DAF account held at renewal.
£250 fee for due diligence at grant making in UK.
Equivalence Determination fee applied to international grants from US DAF clients.
Chapel & York work with both individuals and entities (corporations, advisor groups, employee giving programmes, etc) who wish to have a DAF and have a network of Chapel & York Foundations in the US, Canada, UK, The Netherlands, Switzerland, Hong Kong and Singapore to provide tax-effective giving for donors wherever they may pay tax or for multi-national companies. Our US and UK Foundations are linked so that donors paying tax in the US and UK would benefit from Gift Aid in the UK and a US tax deduction for the same donation.
Chapel & York offer a free consultation with prospective DAF applicants to talk through their aims and requirements. This can be booked online using the website address provided and scrolling to the bottom of he page to automatically schedule a time convenient to the applicant.
Clients are offered guidance and information on impact/ESG investments outside the DAF programme. Further guidance and information are available upon donor request. Chapel & York have lawyers and specialist philanthropy advisors who work with client. They have provided educational opportunities for donors to engage with charities in a structured and contained way. Clients and advisors are offered training both in person and online. Online Philanthropic briefings have been provided, which give both educational and networking opportunities. Chapel & York is currently evaluating future networking events.
Grant recipients are required to complete an annual declaration and report as to use of funds granted to them.
Email Address:
Website:
Overseas grants are available, as CAF grants to over 110 countries each year. You can give anywhere in the world, subject to due diligence checks, and CAF takes on all added administration and compliance associated with overseas grants. Alternative grants and blended nance structures are available e.g., loans, multi-year grant agreements, and social investments are allowed; however, additional charges may apply.
There are a range of investment solutions for a CAF Charitable Trust, including the ESG investment funds offered by CAF Financial Solutions Limited with LGT. In certain circumstances, CAF may be able to work with a donor’s existing investment manager to establish a discretionary portfolio, minimum balance applies.
First £100,000- 1.40%
£100,000.01 - £500,000- 0.75%
£500,000.01 - £1,500,000- 0.35%
£1,500,000.01 - £2.500,000- 0.25%
£2,500,000.01 - £5,000,000- 0.20%
Above £5,000,000- 0.15%
Minimum annual charge: £600
The above charges are subject to the addition of VAT, where appropriate.
Other supplementary charges are issued for a variety of services including offshore donations, bespoke grants and legal agreements, philanthropic and succession research etc.
Clients are offered account management according to their product and giving needs. Our login area enables clients to take care of their account essentials online and on the go. CAF’s offer also includes the market leading payroll giving scheme Give as You Earn, Corporate Giving, and Impact Accelerator.
CAF offers access to expert advice in-house to make the most of your giving. Whether you need a full giving strategy and theory of change, or you are seeking impactful causes in a particular geography or theme, our experts will support your goals.
Impact reporting is offered; however, additional charges may apply – more detailed information on a donor basis available on request.
1.0 Investment Options
a. Are all investment options visible to donors?
CAF offers a variety of investment options for its Donor Advised Fund (DAF) clients, allowing them to tailor strategies according to risk appetite and philanthropic goals. Clients can choose investments using our Investment policy, or select a discretionary portfolio to be managed by an investment manager (minimums apply). CAF’s Venturesome Impact Fund is also available to clients who are interested in social investment.
b. Can donors influence or change their investment strategies over time?
Yes, the DAF is a fluid and flexible structure.
c. How transparent is your DAF regarding investment holdings of donors?
Clients can view investments held via our online portal and statements and have access to a dedicated private client management team for more complex requests.
2.0 Specialty Investment Options
a. Do you offer any specialty investment options, such as impact investments, private equity, real estate, or other? If yes, what are they?
ESG investment funds offered by CAF Financial Solutions Limited with LGT are available. CAF also offers a social investment fund, the Venturesome Impact Fund to clients. Through this, CAF provides social investment for purpose-driven organisations – charities, social enterprises and community groups all over the UK. This is in line with CAF’s vision for a fair and sustainable future for all. The fund offers flexible finance options designed to help social organisations ease cashflow, develop new services or purchase assets and to grow trading income, which plays an important part in sustaining and scaling your social impact. Alternative investments will always be considered and reviewed by CAF and clients are encouraged to query any potential investment interests with the private client management team.
3.0 A Client's Wealth Advisor Managing Donations
a. How do you collaborate with a client's wealth advisor to integrate DAF contributions into the client’s broader financial planning strategy?
Clients can appoint an authorised advisor to act on their behalf to request changes to the investments in the DAF. All advisors must complete CAF’s Know Your Client (KYC) process before they are permitted to receive information about the trust portfolio. CAF can liaise with any advisor given the client’s permission to ease the administration burden on the client.
b. Can wealth advisors directly manage the investments held within a client’s DAF account including the selection process and decision-making process?
Clients can appoint their wealth advisor to the DAF as an authorised advisor, in this scenario the advisor would make a request to CAF to review and action. The investment and trading cannot be completed directly by the advisor, unless a discretionary portfolio has been set up. Outline conditions that apply to this? Investments are requested by clients or Authorised Advisors but these are reviewed and actioned at CAF’s discretion.
c. What kind of platform is available for donors to view and manage their DAF accounts?
Clients have access to a fully self-service online account portal as well as a dedicated private client management team for more complex requests.
4.0 Grant Payout Rate
a. What is your average grant payout rate over the past few years?
As detailed in CAF’s most recent Annual Report, in FY 23-24, donations to CAF Group totaled £1.155 billion, with £1.134 billion given to charities in the same year. This compares with £1.119 billion donations to CAF and £1.024 billion distributed to charities in FY 22-23. CAF Annual Report 2024
link: caf-group-annual-report-2023_2024.pdf
b. Are there any guidelines that impact the amount of grants issued from DAF accounts?
There is no minimum or maximum spend from a DAF each year. Clients can make as many donations as they like. Our DAF is intended to be an alternative to a private foundation, and so we encourage all donors to formulate and follow a considered strategy. The starting point of this process is to determine a timeframe by which all the funds will be distributed &/or to commit to an annual distribution level – clients have the support of a dedicated client manager in developing this strategy, and can also benefit from bespoke advice and guidance of our in-house Impact Accelerator team where their needs and ambitions are more complex.
c. How transparent are you with donors regarding their grant payout rates?
Clients have access to full transaction histories via their online portal and can request any additional information they require from our team. Additionally, client managers review account activity with a donor at least annually, with a view to ensuring they are appropriately informed and supported about the available options for deploying their capital effectively.
d. Do you collect information on the impact of these grants?
Where clients request this, we can agree reporting schedules with charities, collect and share impact reports. This is generally only appropriate for larger donations.
For donations which require additional due diligence (e.g. large overseas donations), we require reporting on how funds are used, and outcomes achieved.
For clients who want more detailed impact evaluation, our Impact Accelerator team can carry out bespoke projects.
5.0 Grant Recipient Selection
a. What is the due diligence process used to select recipients for DAF grants?
Donors select the recipients, unless they are using our specialist advisory services to identify organisations on their behalf. Once a donation has been requested, our due diligence process depends on the type of organisation and its location. In all cases we verify bank details to ensure funds arrive safely.
The checks beyond this depend on whether the organisation is a registered UK charity, another type of UK entity, or an overseas non-profit. We conduct our most detailed due diligence on overseas organisations in high-risk countries, which is refreshed regularly. The checks ensure that funds are used in a way that is considered charitable by UK law, that the organisation is reputable, and any risk of fraud, or funds being otherwise diverted, is appropriately mitigated.
b. How many recipients do you have listed?
What is the average number of recipients your DAF supports annually? Last year, CAF donated over £1billion across 119 countries. CAF has a global footprint of over 160,000 charities registered as potential recipients for a client’s DAF.
Email Address: philanthropy@cafonline.org
Website: Philanthropy Services | Philanthropy Services For Private Donors | CAF (cafonline.org)
Customers can give to UK-registered charities, internationally, and to organisations which aren't registered but which undertake charitable work. Customers are also able, in some circumstances, to give directly to individuals. The minimum grant amount is £250, and the maximum grant amount is the total amount held in the Giving Fund.
All grant requests are verified by the Trustee or authorised representatives of the Trustee to ensure they meet ‘charitable purpose' and ‘public benefit’ criteria. All grants will be made subject to applicable laws and regulations. The Trustee will determine, at its sole discretion, whether and how grants should be made in all cases.
Donors can express their preferences over how their Giving Fund is invested, and the Trustee will aim to accommodate these preferences as far as possible. Final discretion and responsibility for the investments sits with the Trustee.
Some donors have developed impactful investment strategies which the Master Charitable Trust is supportive of although there is not a recommended impact investment strategy for customers. The Master Charitable Trust encourages donors to consider the total impact of their Giving Fund when thinking about their philanthropic and investment goals. The Hoare family's own charitable foundation, The Golden Bottle Trust, is 100% impact invested.
Annual management fee:
First £750,000 - 0.50%
Next £750,000 - 0.25%
Thereafter - 0.10%
There is a minimum fee of £1,250 plus VAT per annum.
Additional fees:
Professional auditors' fees (circa £250-£350 plus VAT) for the charity are split between each Giving Fund.
For grants to larger projects, and/or those involving international or non-registered entities a due diligence fee will be charged based on time spent – this is usually in the region of £300-£600 plus VAT. Where it is necessary to take legal advice, the fee is £1,250 plus VAT; this is in addition to fees incurred for specific legal advice, which are agreed with the customer in advance.
All customers have a dedicated, named relationship manager that is their point of contact within the Master Charitable Trust. The relationship manager will develop a personal relationship with the customer to support their philanthropic activity effectively.
Support provided includes regular reporting to donors, an annual review meeting to reflect on their Giving Fund’s activity to and their investment activity.
Customers can view their giving fund online.
The Hoare Family are experienced philanthropy and impact investing practitioners and customers can draw on their expertise.
The Master Charitable Trust team bring diverse experience in the charity sector, from charity leadership to philanthropic advice and grant support. Customers can connect with like-minded peers that share similar philanthropic aims through regular events hosted by the bank.
The Master Charitable Trust considers its impact as part of the preparation of its annual accounts.
The Master Charitable Trust team aims to have proactive discussions with donors to discuss the impact of their Giving Fund as part of an annual review. Customers may wish to request impact data directly from grantees; in other cases, for example where customers give anonymously, the Master Charitable Trust team can request updates on their behalf.
Email Address: Chris.Harden@hoaresbank.co.uk
Website: Philanthropy – charity | C Hoare & Co (hoaresbank.co.uk)
You can choose from one-off grants, multi-year giving, structures and performance-based grant-making, and everything in between. Founders Pledge considers themselves able to make grants which no other DAF provider is able to make, and facilitates grants to organisations and companies around the world, from early-stage charities, non-profits to complex research initiatives. All grants must be approved by the board of trustees before funds are received by recipient companies. A strict “zero-harm grant making policy” meaning no grants are allowed to reach organisations which are seen to harm people, the environment, or animals.
Zero fees for balances up to £5 million.
Open to Founders Pledge members, the DAF is one of the world's only zero-cost Donor Advised Funds. This ensures every penny donated goes to the recipient charities and has real impact. Donors can easily track and manage their account through the “member app”, where they can also make contributions, request grants and track donations. Alongside this, when donors wish to speak to a real person, a member of the team is available.
Donors have the opportunity to work with advisors every step of the way. They often begin with a consultation which can include a value discovery process, thanks to the in-house research team. This allows donors to receive individualised giving recommendations. After donations are placed in the DAF account, the in-house research team work further with the donor to understand the values of the donor, and will help map out a targeted, evidence-led philanthropic portfolio. Founders Pledge will provide regular updates on grantees progress and other relevant industry news to donors can continue to refine their giving strategy. A fully bespoke and flexible service is provided to donors which can align with their desired goals and values. There is also ample resources and guidance available which can help donors become more strategic givers.
The in-house research and advisory teams focus on providing high-impact funding opportunities so that donors can fund the most effective ways to tackle the world's biggest problems, and these recommended opportunities are regularly reviewed by the research team based on their level of impact.
Email: giving@founderspledge.com
Website: https://www.founderspledge.com/
Grants can be recommended to qualified charitable organisations around the world at any time.
As a UK charity, NPT UK must comply with all Charity Commission and HMRC regulations regarding required due diligence on beneficiary charities and acceptable grant purposes. In the UK, organisations must be registered with the Charity Commission for England and Wales, Office of the Scottish Charity Regulator, Charity Commission of Northern Ireland, or otherwise recognised as charities under the laws of those jurisdictions, including, for example, ‘exempt’ or ‘excepted’ charities. Grants to charities outside of the UK require additional due diligence to determine the charity’s eligibility to receive grants. Additional fees may apply for global grant recommendations in certain circumstances. NPT UK has final authority over the distribution of grants and must approve all grant recommendations.
If your DAF has a balance greater than £500,000, you can recommend an Investment Manager to manage the DAF assets with NPT UK's approval. For DAFs with a balance lower than £500,000, DAF users can choose from a preapproved list of investment options.
NPT UK offers a range of impact investment options on their DAF investment menu.
First £250,000-0.85%
Next £250,000- 0.70%
Next £500,000- 0.35%
Above £1,000,000- 0.20%
Minimum fee of £200 per month
Legacy Giving: A 1% fee of the value of the legacy is deducted from the assets, with fees ranging from
£2,400-£25,000.
No set up fee and can be opened within 48 hours. NPT UK accepts illiquid assets. Every illiquid asset is unique and subject to approval by NPT UK.
Fund the DAF - Contributions to NPT UK can be in the form of:
Thorough and expert advice offered.
International grant recipients are required to complete an annual declaration and report as to use of funds granted to them.
1.0 Investment Options
a. Are all investment options visible to donors?
Yes. DAF investment options are shown on the DAF Application and DAF Investment Update form. The donor can also see the DAF investment options on the DAF donor portal.
b. Can donors influence or change their investment strategies over time?
Yes. The donor can change the DAF investment recommendation via the DAF donor portal or a DAF Investment form.
c. How transparent is your DAF regarding investment holdings of donors?
Each donor can view the DAF investment holdings through the DAF donor portal.
2.0 Specialty Investment Options
a. Do you offer any specialty investment options, such as impact investments, private equity, real estate, or other? If yes, what are they?
The donor has the option of three impact investments from the standard investment options. For larger DAF balances, the donor can make a Bespoke Investment Recommendation which need to be approved by NPT UK Investment Committee.
3.0 A Client's Wealth Advisor Managing Donations
a. How do you collaborate with a client's wealth advisor to integrate DAF contributions into the client’s broader financial planning strategy?
NPT UK works with many wealth managers and advisors in raising awareness of the benefits of a DAF. This includes helping advisors understand how DAFs can be included in financial planning and how DAFs offer tax advantages, flexibility, and the ability to create a lasting impact to the client.
b. Can wealth advisors directly manage the investments held within a client’s DAF account including the selection process and decision-making process?
For DAFs above £500k, the donor can recommend a specific wealth manager to manager the DAF funds.
Outline conditions that apply to this?
The minimum DAF balance must been over £500k and the investment manager plus investment strategy must be approved by NPT UK’s Investment Committee.
c. What kind of platform is available for donors to view and manage their DAF accounts?
The donor can access the online DAF donor portal to view and manage the DAF.
4.0 Grant Payout Rate
a. What is your average grant payout rate over the past few years?
NPT UK publishes the annual UK DAF Report. The aggregate grant payout rate from donor-advised funds in the UK was 24.7 per cent in 2022. DAF Report link - https://www.nptuk.org/wp-content/uploads/2023/11/DAF-Report-2023-UKN.pdf
b. Are there any guidelines that impact the amount of grants issued from DAF accounts?
N/A
c. How transparent are you with donors regarding their grant payout rates?
NPT UK Annual Report and Accounts are publicly available. We also publish an annual Grantmaking Report.
d. Do you collect information on the impact of these grants?
We collect information on grants according to HMRC and Charity Commission rules.
5.0 Grant Recipient Selection
a. What is the due diligence process used to select recipients for DAF grants?
NPT Transatlantic grantmaking due diligence on charities follows HMRC and Charity Commission grantmaking rules.
b. How many recipients do you have listed? What is the average number of recipients your DAF supports annually?
Please see link to our 2023 Grantmaking Report - https://www.nptuk.org/annual-reports/2023-grantmaking-report/
Email Address: enquiries@nptuk.org
Website: www.nptuk.org
Grants can be recommended to qualified charitable organisations around the world at any time.
As a UK/US dual qualified charity, NPT Transatlantic must comply with all Charity Commission, HMRC and IRS regulations regarding required due diligence on beneficiary charities and acceptable grant purposes. In the UK, organisations must be registered with the Charity Commission for England and Wales, Office of the Scottish Charity Regulator, Charity Commission of Northern Ireland, or otherwise recognised as charities under the laws of those jurisdictions, including, for example, ‘exempt’ or ‘excepted’ charities. In the US, organisations must be tax-exempt under Internal Revenue Code Section 501(c)(3) and classified as public charities under Code Section 509(a). Grants can also be made to US private operating foundations as described in Code Section 4942(j)(3), in some circumstances. Grants to charities outside of the UK or US require additional due diligence to determine the charity’s eligibility to receive grants. Additional fees may apply for global grant recommendations in certain circumstances. NPT Transatlantic has final authority over the distribution of grants and must approve all grant recommendations.
If your DAF has a balance greater than £500,000/$800,000, you can recommend an Investment Manager to manage the DAF assets with NPT Transatlantic's approval. For DAFs with a balance lower than £500,000/$800,000, DAF users can choose from a pre-approved list of investment options. NPT Transatlantic offers a range of impact investment options on their DAF investment menu.
First £250,000/$400,000- 0.85%
Next £250,000/$400,000- 0.70%
Next £500,000/$800,000- 0.35%
Above £1,000,000 /$1,600,000- 0.20%
Minimum fee of £200/$300 per month
A 1% fee of the value of the legacy is deducted from the assets, with fees ranging from $3,600-$40,000.
No set up fee and can be opened within 48 hours. NPT Transatlantic accepts illiquid assets. Every illiquid asset is unique and subject to approval by NPT Transatlantic.
Fund the DAF – Contributions to NPT Transatlantic can be in the form of:
Thorough and expert advice offered.
International grant recipients are required to complete an annual declaration and report as to use of funds granted to them.
1.0 Investment Options
a. Are all investment options visible to donors?
Yes. DAF investment options are shown on the DAF Application and DAF Investment Update form. The donor can also see the DAF investment options on the DAF donor portal.
b. Can donors influence or change their investment strategies over time?
Yes. The donor can change the DAF investment recommendation via the DAF donor portal or a DAF Investment form.
c. How transparent is your DAF regarding investment holdings of donors?
Each donor can view the DAF investment holdings through the DAF donor portal.
2.0 Specialty Investment Options
a. Do you offer any specialty investment options, such as impact investments, private equity, real estate, or other? If yes, what are they?
The donor has the option of three impact investments from the standard investment options. For larger DAF balances, the donor can make a Bespoke Investment Recommendation which need to be approved by NPT Transatlantic Investment Committee.
3.0 A Client's Wealth Advisor Managing Donations
a. How do you collaborate with a client's wealth advisor to integrate DAF contributions into the client’s broader financial planning strategy?
NPT Transatlantic works with many wealth managers and advisors in raising awareness of the benefits of a DAF. This includes helping advisors understand how DAFs can be included in financial planning and how DAFs offer tax advantages, flexibility, and the ability to create a lasting impact to the client.
b. Can wealth advisors directly manage the investments held within a client’s DAF account including the selection process and decision-making process?
For DAFs above £500k/$800k, the donor can recommend a specific wealth manager to manager the DAF funds.
Outline conditions that apply to this?
The minimum DAF balance must been over £500k/$800k and the investment manager plus investment strategy must be approved by NPT Transatlantic’s Investment Committee.
c. What kind of platform is available for donors to view and manage their DAF accounts?
The donor can access the online DAF donor portal to view and manage the DAF.
4.0 Grant Payout Rate
a. What is your average grant payout rate over the past few years?
NPT UK publishes the annual UK DAF Report. The aggregate grant payout rate from donor-advised funds in the UK was 24.7 per cent in 2022. DAF Report link - https://www.nptuk.org/wp-content/uploads/2023/11/DAF-Report-2023-UKN.pdf
b. Are there any guidelines that impact the amount of grants issued from DAF accounts?
N/A
c. How transparent are you with donors regarding their grant payout rates?
NPT Transatlantic Annual Report and Accounts are publicly available. We also publish an annual Grantmaking Report.
d. Do you collect information on the impact of these grants?
We collect information on grants according to HMRC, Charity Commission and IRS rules.
5.0 Grant Recipient Selection
a. What is the due diligence process used to select recipients for DAF grants?
NPT Transatlantic grantmaking due diligence on charities follows HMRC, Charity Commission and IRS grantmaking rules.
b. How many recipients do you have listed? What is the average number of recipients your DAF supports annually?
Please see link to our 2023 Grantmaking Report - https://www.nptuk.org/annual-reports/2023-grantmaking-report/
Email Address: enquiries@nptuk.org
Website:www.nptuk.org
Donations are donor-led and donors can suggest distributions with flexibility, whether in the UK or overseas, or through social impact investments for example. Grants to profit making companies are also allowed if there is a clear philanthropic aim. Donor's may recommend any charitable initiative globally, but legally the decision lies with Prism’s trustees as with any DAF. Prism has an entrepreneurial ethos that runs throughout the organisation meaning we are swift, efficient and flexible in what we can accept and distribute, as long as it complies with UK law. Most UK grants are out within 24-48 hours, and overseas grants can be made within a week or less. Prism has an award-winning due diligence, governance and compliance process with strong policies in place to ensure the funds are utilised according to the donor’s desired charitable purposes.
DAF investments are also donor-led. Donors can select an investment manager of their choice. Currently Prism holds over £300m in assets across 40 wealth management firms of which donors can choose from.
Prism charges fees based on the administrative input required to facilitate the activity of the DAF. Fees start from £1,500 plus VAT per quarter. Fees are calculated specifically for each client’s needs, measuring how many of Prism’s services the DAF will use. For example, how many charitable distributions and how complex? Or do clients use Prism Offshore, Prism’s US service or Next Gen?
Prism also offers Collective Funds, a unique model for individuals, groups and organisations looking to raise money tax effectively and swiftly for charitable purposes. Prism provides the administration, compliance and governance removing obstacles involved in setting up a standalone fundraising or operational charity. Minimum to open a Collective Fund £50,000.
If donors wish and where appropriate, Prism can make soft introductions to charities or organisations of interest to DAF clients. Prism also runs educational events to familiarise more people with the charity landscape and charities working in various fields. However, when donors are looking for a giving strategy or similar, Prism can make informed introductions to professional philanthropy advisors. Donors also receive quarterly summaries of their donations and investments performance. Furthermore, end of tax year statements summarise donors’ philanthropy for their tax return.
Donor’s grants are measured against the UN Sustainable Development Goals [SDG] to see their areas of impact. As part of its thorough due diligence processes Prism requires reporting from all its charities, allowing donors to directly see how their funds have been used to fulfil their philanthropic purpose and contribute to international charitable objectives.
1.0 Investment Options
a. Are all investment options visible to donors?
Yes, all donors are made aware of the investment options available during the onboarding process with Prism. Funds are invested with a wealth manager at the suggestion of the donor. The funds are invested pending distribution for charitable purposes over extended periods with the intention that capital growth and income will increase the volume of funds available for distribution and allow sustainable grant making capabilities.
b. Can donors influence or change their investment strategies over time?
Yes, the strategy may change and will need to be re-approved by the Prism Finance and Investment Committee of the Board of Trustees.
c. How transparent is your DAF regarding investment holdings of donors?
All information can be found in the Annual Accounts published on the Charity Commission website, including all investment objectives, investment managers Prism has active accounts with, attitude to risk and total number of assets under management.
2.0 Specialty Investment Options
a. Do you offer any specialty investment options, such as impact investments, private equity, real estate, or other? If yes, what are they?
Prism’s financial investments can include cash, bonds, loans, equities, property, hedge funds, structured products, private equity funds, commodities, non-traded shares in unlisted private companies, derivatives, managed funds and any other asset deemed suitable by the Investment Committee. The Fund can also consider Programme Related and Mixed Motive Investments in accordance with Charities Commission guidance.
3.0 A Client's Wealth Advisor Managing Donations
a. How do you collaborate with a client's wealth advisor to integrate DAF contributions into the client’s broader financial planning strategy?
As a matter of policy, Prism does not “self-manage” and all funds other than short term holdings are placed with or through reputable investment management professionals as suggested by our clients. Prism works with over 40 investment advisers. Prism becomes the underlying account holder whilst the client can continue to engage with their preferred wealth advisory.
b. Can wealth advisors directly manage the investments held within a client’s DAF account including the selection process and decision-making process?
When a donor suggests a portfolio and/or investment manager, the Finance and Investment Committee of the board of Prism will review the structure and sign off to ensure it is acceptable to the Charity. Monthly and quarterly valuations are produced for the Finance and Investment Committee (and the donor). The Board meet quarterly to review all valuations and take any appropriate action.
c. What kind of platform is available for donors to view and manage their DAF accounts?
Bespoke quarterly statements are shared with clients who also have full access to their account through their dedicated relationship manager. Clients also have access to online investments under management.
4.0 Grant Payout Rate
a. What is your average grant payout rate over the past few years?
The average grant payout rate over the past few years is at 27.9%
b. Are there any guidelines that impact the amount of grants issued from DAF accounts?
Prism strives to process as smoothly and efficiently all grant requests, as long as these sit within charity commission guidelines we will process the donations in line with the agreements laid out with the donor.
c. How transparent are you with donors regarding their grant payout rates?
As a UK charity this is not a request by donors however all information and accounts are publicly available
d. Do you collect information on the impact of these grants?
Yes, Prism requires reporting and sharing of the annual progress from grantees. This can depend on the donor and their preferences on communication style.
5.0 Grant Recipient Selection
a. What is the due diligence process used to select recipients for DAF grants?
Prism will conduct thorough due diligence on grantees as per charity commission guidelines and recommendations.
b. How many recipients do you have listed? What is the average number of recipients your DAF supports annually?
Prism grants out annually to thousands of charitable organisations worldwide. We are not limited to a prescribed list of grantees. We can run due diligence on any charitable entity globally.
Email Address: lara@prismthegiftfund.co.uk
Website: https://prismthegiftfund.co.uk/donor-advised-funds/
Grants are disbursed to qualified charitable projects in line with UK charity law and regulations including grants to registered charities both domestic and international, and other not-for-profit public benefit organisations providing social impact. All recipient organisations must fulfil Prospero World’s Due Diligence requirements before a grant will be made. There is no minimum grant size, however, the average grant is £20k.
Donors may recommend charities, but legally the decision lies with the Prospero World Trustees. Entities which can receive grants include qualified charities- both domestic and international- which fulfil the due diligence process. Most grant rules are bespoke and dependant on each individual charity. The distribution policy is done on a case-by-case basis, with the time between grant request and the grant money being given out ranging from hours to months, depending on due-diligence process and other key factors.
Prospero’s DAF philosophy is to channel the DAF back into the charitable sector as swiftly, efficiently and effectively as possible. We encourage DAF clients to disburse entirety of funds over £200k within 12 months.
Prospero World offers full-service management of donor-advised fund accounts as tax-efficient philanthropic giving vehicles for donors with myriad benefits. Prospero World handles the administrative, fiduciary and reporting of DAF. accounts on behalf of the donor and provides advisory services that include grant management, strategic planning and impact measurement.
Yes, grant recommendations to potential foreign grantees may be made by Prospero World or the Donor. Due diligence is conducted on all potential grantees and grants must meet Trustee approval. Prospero World requires foreign charities to adhere to additional reporting requirements to verify use of funds.
The extensive, bespoke support given to Donors of PW DAFs is what sets Prospero World apart.
Since 2007, Prospero World has been guiding and supporting the journey of philanthropists by identifying outstanding NGOs around the world, conducting research, monitoring and evaluating charitable projects, and providing philanthropic advisory services to individuals. Prospero World offers Donors education reports, research, events, site visits and trips, and proactively researches charities and may make grant recommendations to Donors.
Prospero World nurtures relationships between donors and charities, introducing field experts to donors to either further develop existing fields of interest, or to identify areas of charitable activity that may be of particular interest. As well as organizing private meetings, Prospero World hosts events to showcase the work of exceptional organisations.
We monitor donations made ensuring they have been spent in line with the purpose for which they have been given, and evaluate the impact donations have had. We then report back to donors both verbally and through written reports. Our monitoring and evaluation work includes site visits, where appropriate.
Prospero World handles the administrative, fiduciary and reporting of DAFs on behalf of the donor and provides advisory services that include grant management, strategic planning and impact measurement.
We conduct due diligence on charities and Social Enterprises and provide robust advice to donors about their tax-efficient giving.
Prospero World assesses, identifies, and manages the risks arising from accepting donations and disbursing grants.
Prospero World conducts due diligence not only on the charities and organisations to whom we make charitable grants, but also on our Donors. The purpose of our due diligence is to assess source of funds, safeguard legal frameworks and to confirm the integrity and reputation of our Donors in both the business and charitable communities. To this end, Prospero World uses a robust but proportionate due diligence methodology to flag an early warning signs of problems regarding donations. We have chosen to bank with Triodos Bank who have a strict code of ethical banking.
Due diligence procedures will be more rigorous for large donations and for new donors who are unfamiliar, or previously unknown to Prospero World. Due diligence is always carried out directly by representatives of Prospero World and not third party contacts.
Prospero World engages in stringent “Know Your Donor” criteria. These guidelines on accepting donations from individuals are to ensure adequate safeguards that Prospero World only accepts donations that are from legal sources and are acceptable to Prospero World’s charitable mission, thus fulfilling duty of care. These guidelines are used to flag any early warning signs of suspicious donations while embarking on the due diligence process.
Prospero World verifies end use of funds and monitors donations made ensuring they have been spent in line with the purpose for which they have been given. We evaluate the impact of donations and report back to donors both verbally and through written reports. Our monitoring and evaluation work includes site visits, where appropriate.
Prospero World does not accept unsolicited proposals. If a Donor wishes to recommend a grant to a specific charity, Prospero World will initiate the due diligence process. Once successful due diligence is completed, the charity will be invited to submit a grant proposal.
Prospero World also offers the “Start Right” training academy to educate and inspire the Next Generation of philanthropists or for those who are new to giving, new to the UK or who want to gain experiential learning about a new funding area in a safe space. Min. contribution = £10,000. For more information, please visit: https://www.prosperoworld.org.uk/startright
Email Address: elizabeth@prosperoworld.org
Website: https://www.prosperoworld.org.uk/donor-advised-funds
SharedImpact follows donors' advice so long as it matches their charitable objectives, and it is feasible. Our charitable objectives include “helping charitable bodies, and non-charitable bodies pursuing a charitable purpose, to access funding solutions to help them thrive for the benefit of the public”. SharedImpact allows you to direct your donations into 'social investments'. You can lend your donation to a charity, and when they repay it lend it out again. They also permit donors to donate your account balance to charities if you wish to. You can deploy your grants both locally and internationally.
Your existing wealth manager can manage your finds. “Loan out” opportunities are possible, including impact investments, meaning you can lend money to charities, not just grant towards them.
No setup fee. Transaction-based fees are tiered, varying between 0.1% and 5% depending on transaction size.
You can get dual tax deductions if you pay tax internationally.
There is flexible one-to one support available for each donor. This allows for a safe space for donors to share concerns or ask questions. It also catalyses strong relationships between donors and their advisors.
SharedImpact do not produce individual impact reports as they do not want to subject charities to undue measurement overhead. Instead, SharedImpact take the annual reports that charities release and pass those on to the donor by way of a progress update.
Email Address: info@sharedimpact.org
Website: www.sharedimpact.org
Giving Account – up to £25,000 annually
Donor Advised Fund account - £25,000 to £500,000
Philanthropy Fund account- £500,000 and over
Donors can choose from 13,000 charities, churches and Christian workers already registered for support with Stewardship. Donors can also suggest charitable causes that are not already registered with Stewardship. While Stewardship is a Christian charity, neither donors or causes have to be Christian, as long as the objects and activities of charities receiving grants do not conflict with those of Stewardship. On average, the time between a grant request being made and, where approved, the grant being given is a week, but it can vary depending on the size of the grant and where the grant is going. Grants are made subject to due diligence processes, including a review of the charitable objectives of an organisation, and ‘Know-Your-Customer’ checks to ascertain the source of donors’ money.
Higher value, cross-Border giving is typically handled in partnership with TrustBridge Global, a Swiss foundation with an international member network. International grants handled by this partnership incur an additional 1% fee.
Social Impact Investing is an option for Philanthropy and Donor Advised Fund donors. Social Investment provides long-term capital, helping your chosen cause to scale up and become more sustainable. It has the potential to generate a return to your account which can then be ‘recycled’ into further social investments or grants.
Philanthropy and Donor Advised Fund donors can also request that Stewardship invests some or all of their account balance, with the potential to grow it over the long-term. Stewardship has three externally managed investment portfolios to offer: the Stewardship Balanced Portfolio, the Stewardship Growth Portfolio and the Stewardship Sustainable Investment Portfolio.
Stewardship has adopted an investment policy that enables its capital and resources to be directed into investments which have both financial and societal impact, with a focus on investments in churches and charities and opportunities underpinned by the UN’s Sustainable Development Goals. Read Stewardship’s investment policy
Stewardship is not authorised or regulated by the Financial Conduct Authority and does not provide investment, tax or legal advice, nor recommendations in relation to investments. Read Stewardship’s full investment disclaimer
|
Gift amount in calendar year |
Rate |
|
Up to £50,000 |
3% |
|
£50,001 - £250,000 |
2% |
|
£250,001 and above |
1% |
|
Philanthropy Fund fees on total assets held (including cash balances and investments): |
Rate |
|
Up to £2.5m |
0.6% |
|
£2.5m and above |
0.3% |
|
Annual minimum fee |
£6,000 |
|
Investment options: |
Rate |
|
Stewardship Equity Portfolio |
0.20% |
|
Stewardship Balanced Portfolio |
0.20% |
|
Stewardship Sustainable Investment Portfolio |
0.20% |
|
Minimum amount for initial Investment request into a portfolio(s) |
£10,000 |
|
Subsequent addition/withdrawal minimum |
£5,000 |
|
Annual minimum fee |
No annual minimum |
Philanthropy Fund donors can opt for the additional support of Stewardship’s pioneering Donor Advisory Board service, which allows the donor to include family, friends and trusted advisers in their grant-making decisions, but without the administrative burden of trusteeship.
While Stewardship is a faith-based organisation, it serves people of all faiths and those who have no faith. Charities can become a part of Stewardship’s community by opening a Partner Account to receive charitable support, including with fundraising campaigns. Stewardship handles the associated administration and Gift Aid claims.
Stewardship is developing a dedicated community for next-generation philanthropists supported by small-scale events, discussions and other resources. Stewardship also leads ‘Journey of Generosity’ retreats, which create a space for philanthropists to reflect on their giving motivations and aspirations.
For Donor Advisory Board donors, a quarterly impact review and annual impact report are provided. This service can be extended to other Philanthropy Services donors if desired. Stewardship’s in-house grant managers rigorously explore the proposed impact of major grants and impact assessments are received from recipient charities, typically 12 months after a major grant has been made. For those wanting a more detailed evaluation of the impact of their fund, Stewardship partners with Eido Research.
Dual UK and US taxpayers wanting to donate with impact and efficiency are served by TrustBridge member and US public charity International Generosity Foundation (IGF), which can facilitate donations with the benefit of tax relief in both countries.
1.0 Investment Options
a. Are all investment options visible to donors?
Donor Advised Fund (“DAF”) = The 3 Stewardship Investment Portfolios are visible to donors when they log into their account. Investment Portfolio Performance reports are shared with donors on a quarterly basis.
Philanthropy Fund (“PF”) = As well as the 3 Stewardship Investment Portfolios available to DAF clients (see above), PF clients can also nominate their own Investment option(s) for our approval. This might comprise listed securities, investment funds or a fully discretionary managed account.
b. Can donors influence or change their investment strategies over time?
DAF = Donors can choose to invest in any of 3 portfolios at any time. Withdrawals from these investments can also be requested at any time.
PF = Yes, PF clients can choose to invest in any of theStewardship portfolios and / or their Nominated Investment Option(s) at any time.
c. How transparent is your DAF regarding investment holdings of donors?
DAF = Investment Portfolio Performance reports are shared with donors on a quarterly basis. Donors can review the value of their funds in each of Stewardship’s 3 pooled investment portfolios from their account.
PF = On a monthly basis Stewardship will communicate Nominated Investment Option valuations with the donors.
2.0 Specialty Investment Options
a. Do you offer any specialty investment options, such as impact investments, private equity, real estate, or other? If yes, what are they?
These options are only available to our Philanthropy Fund donors (see above).
3.0 A Client's Wealth Advisor Managing Donations
a. How do you collaborate with a client's wealth advisor to integrate DAF contributions into the client’s broader financial planning strategy?
With the donor’s instructions, the Stewardship DAF and PFteams can liaise with a client’s wealth manager regarding maximising a donor’s giving potential and assisting donors with requests they make on their account.
b. Can wealth advisors directly manage the investments held within a client’s DAF account including the selection process and decision-making process?
Wealth advisors can be added as an additional user on a DAF or PF client’s account, at their request. Wealth Advisors would then be able to make investment requests and manage donations inthose circumstances where a client has instructed Stewardship that they have permission to do so either with sole or dual authorisation. For DAF clients, the selection of investment portfolios is set, and Stewardship offers 3 different investment options which donors can invest in.
c. What kind of platform is available for donors to view andmanage their DAF accounts?
Donors’ accounts can be managed using the Stewardship online account platform or otherwise by speaking with the Stewardship Philanthropy Services team by phone or email. The online account has functionality to review their giving, manage their top-ups online, review the funds in each investment portfolio, review their account statements, and much more.
4.0 Grant Payout Rate
b. Are there any guidelines that impact the amount of grants issued from DAF accounts?
All Grants paid to partners are made at the discretion of Stewardship’s Trustees. We reserve the right to request additional information or reports (including audited reports if you are an organisation) from you regarding the use of the Grant funds upon reasonable notice.
d. Do you collect information on the impact of these grants?
Yes, those grants which are subject to additional due diligence will require a report to be provided to us by the partner, usually 12 months after the grant date, detailing how funds have been spent in line with any terms attached to the grant. This can, where appropriate, also be made available to the donor who made the original donation request.
For some of Stewardship’s PF clients, we will provide impact reporting at a more bespoke level, as requested by the donor. For these clients we provide annual reporting on their grant-making activity, which includes impact and post-grant reporting obtained from partners.
5.0 Grant Recipient Selection
a. What is the due diligence process used to select recipients for DAF grants?
The partners which we support are at the request of our clients, again at the discretion of our trustees, and where a client wishes to support a cause that is not yet registered with us then we will contact them to establish whether we are able to support them (i.e. their activities are in line with our charitable objectives).
b. How many recipients do you have listed? What is the average number of recipients your DAF supports annually?
13,000+ registered partners
Email Address: philanthropy@stewardship.org.uk
Website: https://www.stewardship.org.uk/philanthropy-services
Grants must be given to organisations working on projects deemed charitable as defined by legislation. There is no limit to distribution and no set minimum/maximum time. People can give globally to charities registered in their own country. There are extensive due diligence checks on prospective charities for donations.
Investments are usually managed by client's existing advisors, but impact investment options are provided for clients looking to further leverage their philanthropic capital. An entire suite of options is provided for clients to choose from when selecting their impact/ESG investment providers.
Charities do not need to apply, as there is a pro-active outreach.
Philanthropic strategy development support, education opportunities, working with professional advisors, due diligence on prospective charities, pro-active research to identify prospective charities and projects that meet donor interests, criteria and values, impact monitoring and assessment, participatory grant making, family philanthropy. Clients also receive training both in person and online, and networking events are provided primarily in person with some online activities.
The Good Works Company works with clients to define desired impact and seek partners to fulfil this, then work with them on reporting mechanisms.
Email Address: Allan@goodworkscompany.org
Website: www.goodworkscompany.org
All grants must be made to UK registered charities and exempt charities. The trustees are required to approve all grants in line with Charity Commission rules. Donors can choose when they wish to make grants to charities and how much they want to give. Donors can make regular payments, give away income generated in the portfolio or donate lump sums.
Investment options are available via UBS Wealth Management. UBS will work with you to choose an investment strategy which suits each clients’ charitable account.
Investment manager fees if required, a fee will be charged for the management of assets in your DAF.
Donations are hugely flexible, with no minimum or maximum amount. The donor's personal client advisors will be able to carry out the donors' instructions. All donations are irrevocable.
UBS continually offers clients/advisors training, and views this as part of their day job. UBS also runs Philanthropy events; however, these are not DAF specific.
Impact is not measured directly through the DAF, as UBS wishes to make giving as easy and simple as possible.
Email Address: sh-ukphilanthropyservices@ubs.com
Website: https://www.ubs.com/uk/en.html
As place-based funders, community foundations have developed their own grant making and eligibility criteria in response to the specific needs of their areas. Grants are normally made to registered charities, or community organisations with a charitable purpose, and some community foundations make grants to individuals. Grants can be as small as £50 and as large as £50,000 or more, depending on the donor’s wishes. The network of community foundations covers the whole of the UK and Ireland, and individual community foundations often collaborate with each other to distribute grant funding for particular donors across multiple areas of the country. Community Foundation Northern Ireland and Community Foundation Ireland provide cross-border support through their All-Island Fund. National programmes, centrally managed by UKCF, can include some or all the UK nations depending on the size and objectives for the fund.
Building a long-term, permanent resource for the benefit of local communities is at the heart of what community foundations do. Many have built up sizeable, professionally managed long-term endowment funds comprising individual donor funds which are pooled for investment purposes. This income is available year after year, and many donor funds have now made grants totalling more than the original donations, whilst protecting the real term value of the funds into the future. Each community foundation has its own investment policy, but they all share many years’ experience of managing endowment funds on behalf of a wide range of donors. Increasingly these donors are involving their children in grant giving, and many community foundations have succession planning arrangements in place for the inter-generational transfer of the funds. Community foundations also offer a flow-through revenue fund option, where the donation is available for immediate use and can be topped up at any time. Many also offer a hybrid fund option, which allows donors to respond to immediate grant-making priorities whilst building an endowment fund for the long term.
Community foundations also work with charitable trusts and other charities with dormant or inactive assets to revitalise them into active funds through transferring the assets to the community foundation. They liaise with the Charity Commission to provide the trustees with support and advice throughout the transfer. Community foundations can receive donations in the form of shares, property or land on which there can be tax relief available to the donor.
Community foundations offer a high-quality, individually tailored philanthropy advice service and fees vary depending on the level of service each donor requires. Individual community foundations have their own fee structures, but typically an endowment fund might attract an annual contribution to the community foundation’s costs of between 1% and 3% of the capital value of the fund. A flow-through fund service might cost a one-off 10% of the value of the donation.
Community foundations are embedded within their communities in perpetuity and receive legacy gifts, working with family members, friends and/or professional advisers to ensure the legator’s wishes are met.
Community foundations have extensive knowledge of their local communities, needs and aspirations and can provide donors with all the support they need to make the most of their charitable giving. This bespoke service includes professional investment management, charity due diligence, grants administration, project visits and other educational opportunities, research reports, events and networking opportunities. Community foundations also work closely with professional advisers in their area to enhance the quality of the philanthropic advice available to their clients.
UK Community Foundations (UKCF) is the membership body for 47 accredited community foundations which cover every postcode of the UK, and three international members in Ireland, Jersey and Bermuda.
Community foundations inspire place-based philanthropy, transforming private wealth into community resources for both now and the long term. Collectively, the national network of community foundations holds over £800 million in endowed funds and distributes over £170 million each year to local groups and organisations that are tackling the biggest issues facing communities today.
The UKCF network has a profound impact across the UK. Each community foundation collects impact information on the grants it makes and reports publicly on its impact each year. Many foundations also share data through the online data tool, 360 Giving, to enhance learning on grant making nationally. The network is committed to transparent reporting and to developing our understanding of the impact we have; new data tools will enable us to report in future years in more detail on our collective impact as a network.
Community foundations are locally embedded and our grant making is based on a sophisticated understanding of local need and how funding can be used for greatest impact. Members produce regular social needs reports that help identify grant-making priorities and influence other bodies, supporting a shared agenda for action and investment. UKCF pulls together the network’s data on local giving each year, and you can find its Philanthropy 2023 Report here.
To find your nearest foundation, please visit the UKCF website. If you would like to find out more about giving through UKCF, please get in touch.
The Princes Exchange Foundation is under the care of Turcan Connell. For more information please contact: enquiries@turcanconnell.com
