PerpetualPrivate Clients, a division of Perpetual Trustees, is encouraging advisers to discuss charitable donations with clients, following its launch of a new low-entry philanthropic trust.
The Perpetual Charitable Gift Fund allows investors to establish a named fund with a $20,000 initial donation made in cash, shares or real estate, and identify charities to receive annual distribution of income or income and capital. The donor also has a choice of three multi-manager investment structures for their donation.
The low-entry point, simple structure and tax-friendly status of the new fund is expected to appeal to advisers and their clients, with Perpetual conducting focus groups on the issue prior to the launch of the fund.
According to Perpetual, a recent survey of Australian financial advisers showed that only 22 per cent asked clients about ‘giving’ as a matter of policy, compared with 90 per cent of advisers in the US.
