Walk in my Shoes Web Series - Episode 26
Professional advisors play an important role in supporting their client's philanthropic needs, and Donor Advised Funds could be a useful component of philanthropic giving. As Philanthropy Impact embarks on a research project to provide you with a clear guide of the DAF’s available in the UK and what services they are offering, this session is a first step into understanding the question ‘Why a DAF?’ for you and your clients.
Hear from your peers in the industry on how DAF’s can support your clients in their journey to make meaningful impact but also how they can be used as a time, cost, and tax-effect vehicle for giving. We will ask the question when is a DAF the best option for your client and how will you know that this is the best route for your client to take? We will outline the other options available to clients in support of their philanthropic journey e.g. dedicated accounts, foundation/(charitable) trust and social investment intermediaries.
This session is extremely valuable for professional advisors who want to increase their knowledge about philanthropic giving vehicles to better meet their clients’ needs and support them on their donor journey.
Join our CEO, John Pepin, has he chats with our Board member Ceris Gardner, Partner, Maurice Turnor Gardner; Julie Rubenstein, Philanthropy Advisor, the Philanthropy Centre, J.P. Morgan, and our Board member Sarah Farrow, Director, Frank Hirth PLC about the variety of approaches and benefits of DAFs compared to other approaches including foundations, and key issues and challenges.
Ceris Gardner is a partner, and head of the Charities and Not for Profit Group at Maurice Turnor Gardner LLP. Her areas of expertise include tax, estate planning, family governance and charity and philanthropy. She advises UK and non-UK domiciled and resident individuals, families, estates and trusts on UK and international tax and succession issues; on establishing UK and offshore trusts, family limited partnerships and other cross border asset-holding structures; on the powers, duties and liabilities of trustees; the rights of beneficiaries and disputes involving estates and family trusts.
Ceris has a particular interest and involvement in encouraging families to consider philanthropy and to plan their giving strategy. She advises a number of charities and chartered bodies on constitutional and governance issues. Ceris is a trustee of a number of charities, including Philanthropy Impact, and is secretary to the STEP Charity Special Interest Group. Ceris writes articles and gives talks on charity matters to private banks and other professional organisations. She is also a member of the Charity Law Association (CLA).
Sarah has 19 years’ experience in private client tax and specialises in dealing with high net worth individuals and their onshore and offshore structures. She is an Associate of the Chartered Institute of Taxation and is a member of the Society of Trust and Estate Practitioners (TEP). Sarah is also a qualified Chartered Tax Adviser (CTA).
Sarah trained with KPMG where she became involved in advising UK based wealthy families, providing income, capital gains and inheritance tax advice to individual family members and their UK Trusts. She later moved to the Channel Islands where she advised on UK tax issues for offshore trustees, UK residents, non-UK domiciliaries and non-UK resident individuals with assets or structures in the UK.
Prior to moving to Frank Hirth, Sarah worked at a leading accounting firm where she advised very wealthy multi-national families, entrepreneurs and highly sophisticated investors from private equity and hedge fund backgrounds on structuring their worldwide assets efficiently. She has also acted for offshore trustees providing tax and trust advice on structures managed and administered by them.
Sarah joined Frank Hirth in 2016 to head up the UK tax team and her tax knowledge and experience enhances our existing offering to clients. She also sits on the Tax Technical Team within Frank Hirth whose primary role is to provide technical support to the wider firm.
Julie Rubenstein is a Philanthropy Advisor with The Philanthropy Centre, a global team that provides individuals and families with insights and services to help them meet their philanthropic goals through innovative advice, thought leadership and learning opportunities. The team's advice centers around infrastructure development, governance, mission, programmatic measurement and evaluation, family dynamics and succession planning, among other areas. Julie and her team share best practices from across the field, create connections with likeminded philanthropists, and provide unique opportunities for clients to learn from thought leaders in their areas of interest.
Julie spent 2019 in J.P. Morgan’s London office leading our philanthropy advisory work with clients across Europe and the Middle East.
Prior to joining The Philanthropy Centre, Julie worked with ultra high net worth individuals around estate planning and wealth management advice in J.P. Morgan Private Bank’s Connecticut office.
Julie received a Bachelor of Business Administration from the University of Michigan, graduating with honors, and a minor in Asian Languages and Cultures (Mandarin). She has also studied Mandarin at DongHua University in Shanghai, China.
Julie is a native of Connecticut and has spent the majority of her career in New York City. She is a member of Acumen Fund’s Acumen Next group, a cohort of leaders passionate about impact investing. Julie holds her Series 7 and 63 licenses.