© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Festive Philanthropy: Five Tips to Gift Well
Posted 15th December 2022

Festive Philanthropy: Five Tips to Gift Well

In the midst of the plethora of challenges facing us all, those who are fortunate to have something to spare may be seeking ways to support causes close to their hearts this Christmas, the peak time for charitable giving. But with so many worthy causes, how do you go about gifting in the most effective way?

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Festive Philanthropy: Five Tips to Gift Well
philanthropy

In the midst of the plethora of challenges facing us all, those who are fortunate to have something to spare may be seeking ways to support causes close to their hearts this Christmas, the peak time for charitable giving. But with so many worthy causes, how do you go about gifting in the most effective way? 

Philanthropy is a longer-term, more strategic approach to giving, aimed at addressing the underlying causes of problems facing our communities and wider society. It focuses on effective giving and maximising the impact of donations to ensure they are making a real difference for the organisations, as well as fulfilling the wishes of those giving the gifts.

Here, Andrew Evans, Philanthropy Adviser at Equilibrium Financial Planning shares his top tips for getting started with philanthropy and gifting well.

 

1. Identify the causes that matter most to you

With more than 170,000 registered charities in the UK and Wales alone, it’s not possible to support every cause. These charities do amazing work, which means that giving begins with identifying the causes that matter most to you and the organisations in which you feel your money is likely to have the greatest impact.

If you’re unsure of how to narrow down your areas of interest, think about what you want to achieve through giving and identify your objectives. You could also consider working with a philanthropy adviser who will help you to identify charities that align with your passions, interests and goals.

 

2. Do your research

Once you have compiled a list of organisations or causes that you’d like to support, take some time to do your research. This should include elements such as ensuring the organisation has a Charity Registration number. If it does you can visit the Charity Commission’s website to find out information such as who the charity’s trustees are, how muchsenior staff are paid and their published accounts.

It’s also worthwhile considering the size of the charity you want to donate to. Whilst gifting to large charities will make a difference, it’s important not to overlook smaller or newer charities that may be championing just as worthy causes. Your donation could make a much larger impact in a smaller charity with less scope for advertising budgets and fewer donors.

Similarly, you could research organisations nearby that are helping causes in your local area, enabling you to stay in regular contact and even see first-hand the difference that your money is making.

 

3. Consider a Donor Advised Fund

A Donor Advised Fund (DAF) is a charity that distributes funds in accordance with the wishes of those who make donations. It is simpler than setting up your own charitable foundation and allows you to plan donations over a prolonged period.

The money does not have to be donated straight away and can be invested by the DAF for capital growth or income, but it does attract relevant tax relief immediately. When you are ready to make a charitable gift from the fund, you ask the trustees of the DAF to make the donation. It is important to note that you cannot get the money back once it is placed into a DAF.

 

4. Know your tax benefits

Whilst the main goal of giving is to make a positive difference, it’s important to be aware of the benefits that gifting can provide to you as well. Charitable giving and philanthropy facilitate a range of tax benefits, including those related to inheritance tax.

Given the continued freeze of allowances, this is a consideration that is becoming relevant to an increasing number of households in the UK. This is because when you give money to charity your taxable income is reduced by the amount you chose to gift. For those earning between £50,000 – £60,000 or over £100,000, a charitable donation may mean your income falls below the tax threshold, meaning that valuable benefits can be retained or reinstated.

 

5. Go for Gift Aid

Gift Aid also has benefits for your tax bill, as well as for your chosen cause. For every £1 that you give, charities can claim 25p back from the government. If you are a higher-rate or additional-rate taxpayer, you can also claim back 20% or 25% of the donation respectively via a tax return.

Categories: Corporate Social Responsibility, News


You Might Also Like
Read Full PostRead - Eye Icon
Unlocking Corporate Appeal: How Print On Demand Elevates Brand Identity
News
31/08/2023Unlocking Corporate Appeal: How Print On Demand Elevates Brand Identity

Unlocking Corporate Appeal: How Print On Demand Elevates Brand Identity As companies try to make a name for themselves in the digital age, it is important to use strategies that help them stand out. Even though there are a lot of different ways to sell, print

Read Full PostRead - Eye Icon
Ready for New Challenges
Innovation
29/06/2017Ready for New Challenges

Carlos Martín of MST Holding was delighted to receive the CTO of the Year – Spain accolade recently, after which we took the opportunity to profile the company and his crucial role within it.

Read Full PostRead - Eye Icon
Overlooked Employee Issues When Acquiring a New Company
News
06/12/2021Overlooked Employee Issues When Acquiring a New Company

Overlooked Employee Issues When Acquiring a New Company Following the acquisition of a new company, there are tons of things that managers and human resources need to think about and do. In turn, that can mean many employee issues become overlooked. Don’t fo

Read Full PostRead - Eye Icon
Not Losing Interest
Finance
13/02/2017Not Losing Interest

Cavmont Bank Ltd’s vision is to be a world class bank rated amongst the best in Zambia with a focus on partnering with all their stakeholders. Following their success in winning the 2016 Banker of the Year Zambia

Read Full PostRead - Eye Icon
3 Best Trading Strategies
News
18/01/20223 Best Trading Strategies

Are you looking for a way to make money? Well, the good news for you is that you are living in the 21st century. Modern technology and the online world have allowed us to improve our financial stability.

Read Full PostRead - Eye Icon
Asahi Set to Expand into Europe
Finance
08/12/2016Asahi Set to Expand into Europe

In 2016 the Japanese brewer Asahi Group Holdings has begun to expand abroad, making Europe its main target.

Read Full PostRead - Eye Icon
How Business Owners Shop for Vehicles
Innovation
16/12/2022How Business Owners Shop for Vehicles

Those who own and operate companies the use vehicles must decide on a reliable way to evaluate trucks, automobiles, vans, buses, and other products before buying them. Some organizations spend most of their money on a single expense category: new vehicles. Whe

Read Full PostRead - Eye Icon
A Successful Merger
Leadership
03/03/2016A Successful Merger

Last year, Frankfurt based firm ARNECKE SIEBOLD and Munich based firm SIBETH combined to form ARNECKE SIBETH.

Read Full PostRead - Eye Icon
Navigating International Tax Compliance: Essential Tips for Enterprises
News
09/05/2024Navigating International Tax Compliance: Essential Tips for Enterprises

Navigating international tax compliance is a formidable challenge for any enterprise operating across national borders. This article unpacks essential strategies to simplify this complex landscape, focusing on things like understanding legal obligations, lever



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow