Philanthropy plays a vital role in our society. As well as providing much needed funds to charities and not-for profit organisations, it enables individuals and families to have a values-based, positive impact on issues that matter to them - leaving behind a lasting legacy. Legacy is no longer just about wealth preservation, with many individuals and families seeing philanthropy as a core part of their legacy. As ESG issues rise to the top of the wealth holder's agenda, many are considering how they can have an impact on the issues that matter to them the most.

In a recent article in The Mayfair Times,  Private Wealth Partner, Clare Stirzaker says: “Over my career, I've definitely seen an increased interest from clients around how they can give more of their money away.  Law firms have traditionally helped clients set up charities, but now its broader than that. It's [about] really trying to help clients work out what they want to focus on and why. There's a lot of assessment around who are the best charities to partner with to make donations that can make a meaningful difference.”

Access the full article here. 

Interested in hearing more? On our ‘Lessons in Legacy podcast’ series, we speak with a number of leading academics, professional advisers and business leaders about the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. We look at how philanthropy can be done more effectively and at greater levels and consider the concept of quantifying the impact of giving and the role of innovation in philanthropic capital. Listen here.