EWM GROUP SIMPLIFIES PHILANTHROPY
14 June 2016,
BRISBANE family office EWM Group has made it easier for clients to give back with the launch of a specialist philanthropy offering.
GivingSimple offers advice on how individuals, families and businesses can support communities, charities and causes of their choice without having to establish their own philanthropy structure.
Donors can utilise the public ancillary fund GivingSimple Foundation (GSF) to form a 'subfund' which can be tailored to suit their needs.
EWM Group founder Brad Scott says the initiative was established in response to growing demand.
"Our founding client actively engaged in philanthropic pursuits and the importance of philanthropy to clients, their families and the whole community is significant," Scott says.
"It has become an important service to our clients as they wanted to engage more in their giving, but didn't have the time or understanding of how to set up their own structure.
"For clients, setting up a subfund with GSF provides full control over their giving, but with none of the costs and hassles of having a private foundation."
He says philanthropy has always been a core part of the business, with EWM Group establishing a dedicated Philanthropic Services division in 2014 separate to the family office approach.
"The best part of a subfund is the ability to make a tax deductible donation now while providing the flexibility to physically distribute the money to charities over time," GivingSimple manager Amanda Sartor says.
"Establishing your own subfund is simple and can be as easy as naming the subfund, making a tax deductible donation and then nominating your preferred charities each year."