Family Charitable Trusts
A Family Charitable Trust is a legal arrangement where a family sets aside assets to support charitable causes. This trust is managed by trustees, who ensure that the funds are distributed according to the family's wishes. It allows families to make a positive impact on their communities while also providing potential tax benefits.
These trusts can be tailored to reflect the family's values and philanthropic goals. By establishing a Family Charitable Trust, families can create a lasting legacy, support specific charities, and involve future generations in charitable giving, fostering a culture of philanthropy within the family.