Hints and tips:
...About £800mn in funds that are due to charities are awaiting a probate grant, according to estimates from the ILM and Remember a Charity, two groups that specialise in charitable bequests....
...Odey described his bets against gilts as “the gifts that keep on giving”. The fund manager has donated significant sums of money to Conservative causes over the past decade....
...Gift Aid has further benefits if you are a higher-rate taxpayer because you can claim the difference between the tax you have paid on a charitable donation and the 20 per cent the charity claims back from...
...If charitable donations in your current will allow your estate to secure a reduced IHT rate — but those donations include gifts to EU charities — it may be worth reviewing your will....
...We will remove the unfair tax breaks that private schools benefit from, to fund desperately needed teachers and mental-health counselling in every secondary school....
...Bankman, a tax lawyer, also lavished gifts upon his friends and family using FTX funds, they alleged, including, in one instance, flights and tickets to the Formula One Grand Prix in France....
...These will be issues to confront as individuals and families, with an eye on the tax year-end, decide where to make charitable gifts this year. Transparency and dialogue is key....
...The UK’s gift to the world one year ago was to give a technicolour example of what authorities around the world must strive to avoid in future. You’re welcome. katie.martin@ft.com...
...Bankman also lavished gifts upon his friends using FTX funds, they alleged, including flights and tickets to the Formula 1 Grand Prix in France....
...A huge rally has left some big-name fund managers nervous that markets now look highly vulnerable to disappointing economic news....
...In 2017, as part of the process of diversifying its income, the Charterhouse opened a museum; Laurie likes helping with tours, but wryly remarks, “I never thought I’d live somewhere with a gift shop.”...
...Under Swiss law, that defined it as a charitable trust with no obligation to report on its finances — but with the requirement that it should be a non-profit organisation that distributes money to good causes...
...There is no dirty secret or any real magic beyond the innate gifts of one unquestionably brilliant if flawed man....
...While she is a minor, the funds can be used towards payment of school fees. Bear in mind that if there are any funds left in the bare trust when she turns 18, she will be entitled to these absolutely....
...Mintus was founded by Tamer Ozmen, previously a senior executive at Microsoft; investors buy into the regulated funds with a minimum $3,000, enabling private wealth banks “to offer a diversification play...
...“New York has the most active cultural, educational and charitable sector in America,” says Darren Walker, president of the Ford Foundation, a $16bn international social-justice charity....
...That would be one of the largest charitable donations in history....
...Ben Goldsmith, a fund manager and son of the late British financier James Goldsmith, concurs....
...Trade union funding is on the basis of its members and members determine how they want their funds used....
...These include allegations of unlawfully selling gifts he received as prime minister and terrorism charges related to protests by his supporters....
...In the UK, only Oxford and Cambridge hold endowment funds of more than £1bn....
...Another trader, Crispin Odey, has been shorting long-dated UK debt and sterling for some time, and told the Financial Times that such gilt positions were “the gifts that keep on giving”....
...Bill Gates is pouring another $20bn into the charitable foundation he and his ex-wife Melinda French Gates run, pledging a 50 per cent increase in its annual distributions as he warned of “huge global setbacks...
...He said charitable donations and pension contributions are areas where higher and additional rate taxpayers often neglected to claim tax relief....
...His bets against gilts and sterling have helped his fund to a gain of around 145 per cent so far this year....
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