Tax incentives for charitable giving in the UK are among the most favourable in the world. However, there are few ways to take advantage of these incentives unless you are committed to a particular charity. Setting up a charitable trust offers the flexibility to donate when and where you like but is, for most, too time-consuming and too expensive to undertake. For those making small ad hoc donations, charity bank accounts offer an excellent solution but, because they make little provision for supporting the donor, their help can be limited.
This is why, as part of the trust’s mission to encourage charitable giving, the Bulldog Trust offers a free of charge donor-advised fund service.
Bulldog donor funds offer all the advantages of setting up a charitable trust but incur none of the administrative burden. Each donor is free to distribute the proceeds of their fund to whichever charities they choose – with as much or as little help from the trust as they would like.
In 2008 Bulldog committed £100,000 to organisations supporting the armed forces. Bulldog bolstered support for the Army Benevolent Fund and Help for Heroes with initial donations. With the remaining money, Bulldog focused on specific areas where one off donations could make a real difference. We were delighted to offer the Special Boat Service Association support over five years while they raise their endowment.
Photograph by Angus Beaton