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This Provider Services resource lists philanthropy advisors' services, their unique selling point and the fees they charge, in their own words.
In our Quick guide, advisors have listed the services they offer. We have presented this in a matrix format so you can easily compare providers.
Barclays Wealth
Our service
Barclays Wealth Client Philanthropy Service is very personal and carried out on a one-to-one basis, with the client’s banker very much part of the process. We can help with the following as well as utilise the skills of our third party advisors:
Identifying the right structure
Guidance on the right giving structure
Advice on practical, flexible and effective giving
Achieving the desired effect
Identifying the right cause area/s
Deciding extent and profile of involvement
Involving the family
Engaging the family
Creating a inter-generational legacy
Developing their vision
Inspirational learning through events and specialised literature
Networking
Opportunities to meet other philanthropists and experts in the field.
USP
Our philanthropy service plays an integral part of our private bank by engaging, educating and supporting clients – and their families – in their personal giving journey. Our in-house advisor has 22 years’ sector experience in the philanthropic field.
Fee
No fee is charged and all outsourced service fees are arranged between client and advisor.
Coutts & Co
Our service
Our advice is based on our experience of working with major donors and collaborating with specialist organisations. We facilitate one-to-one consultations to understand clients’ motivations and values, and strategy workshops to help them develop a common vision. We research causes and identify the criteria for selecting charities. We can help donors establish guiding principles, goals, and a process for reaching a decision. We help select charities, review grant applications, conduct site visits, monitor impact of donations and meet other donors through the Coutts Forums for Philanthropy. Coutts is piloting two donor advised funds focussing on Microfinance and the Environment, where clients pool resources.
USP
We have experience of working with a wide range of clients from around the UK and overseas, with different backgrounds, supporting different causes in different ways. Key to our unique service is the depth of advice we provide and the breadth of our service. As a bank, we have a reputable track record of offering trusted advice, coupled with an innovative approach. This includes pioneering the offering of philanthropy services by a private bank in the UK in 2005.
Fee
Coutts does not charge for general one-off philanthropy advice. We only charge for bespoke advice if agreed with the client first. For private charitable trusts, fees charged depend on the size of the trust, time spent and responsibilities undertaken. For managing charity investments, the fees levied will depend on the nature and scope of the service required, the complexity and size of the mandate.
JP Morgan Private Bank
Our service
Our approach is to always be led by the client, their needs and interests. We will provide the level of service that is required – where appropriate pulling in our colleagues in the Private Bank in the US who have a substantial and long-established philanthropic services team, as well as our colleagues who manage the bank’s own philanthropic endeavours.
USP
We integrate our philanthropic advice with investment management and more general wealth advice. Our dedicated philanthropy advisor in the UK has experience of practising as a charity lawyer and legal adviser to philanthropic individuals, of setting up and running a charity in the UK and acting as a trustee of a grant-making foundation and two operating charities.
Fee
This service is provided as part of our overall service to clients and so we do not charge separate fees – although our partners do charge for services and we agree these with clients.
Spencer-Churchill Miller Philanthropy
Our service
Spencer-Churchill Miller Philanthropy is a grant making charity. Grants will be made to charities and non-charities – individuals and projects – judged as deserving by the trustees. The recipients will be mostly in the UK but not exclusively as we believe charity begins at home. Approximately 40% of funds will be allocated to environmental issues causes, with the remaining 60% granted to charities/voluntary bodies, individuals and projects. The trustees will hold the funds in trust in a separate savings account. No monies waiting to be granted will be invested in any investment vehicle.
USP
Our entrepreneurial approach means we are willing to be contrarian in every respect; the fund raising events we host, fiscal accountability, stewardship and awarding grants. The team at SCM Philanthropy is socially and financially fortunate and is in a position to use their considerable contacts with philanthropists to leverage substantial funds. As a grant making foundation our target will not be charity household names, but a lower tier of charities, individuals and projects that undertake extraordinary works but are not adept at fund raising, business or administration. It is a natural extension to our business philosophy and values.
Fee
We do not charge fees for any of our services, all donors are treated the same and receive the same high levels of communications, evaluation updates, networking opportunities and access to charitable causes we have identified as grantees.
Standard Chartered Private Bank
Our service
Standard Chartered Private Bank believes that with wealth comes responsibility. Its comprehensive philanthropy programme Investing for a Better Future offers clients a three-pillared programme, aimed at making giving easier and more meaningful:
Seeing is Believing – clients can co-invest with us to fund projects through the Bank’s Seeing is Believing global campaign. They can donate directly or through a tailored deposit account which allows the credit interest to be automatically transferred. Every dollar donated is matched by Standard Chartered Bank (up to $20m).
Advisory Services – providing bespoke strategic philanthropic advice from experts.
Education and Involvement – Clients are able to experience voluntary internships with the Bank’s partner charities.
USP
‘Investing for a Better Future’ is different, because we partner with clients, through the Seeing is Believing (SiB) and Education and Involvement pillars. Having diverse options makes giving easier, for example, through the automatic transfer of credit interest to fund an SiB eye project, and more meaningful, through matching contributions to SiB. Our programme demystifies philanthropy – it should be simple, it should be about giving money or time, large or small. Our programme does just that. Together with our clients, Standard Chartered Private Bank aims to fund three SiB projects over five years. We will make a collective difference.
Fee
Our multi-faceted and tailored approach to addressing our clients’ philanthropic needs means there is no set fee structure. There is no cost for some elements whereas there will be for creating a bespoke giving strategy. Philanthropy is personal.
Stonehage Philanthropy Services
Our service
Stonehage Philanthropy Services focuses on individual giving, family philanthropy and social investing.
Individual giving: core services include clarifying philanthropicvision and goals, project selection and basic due diligence in core markets, governance and administration, grant making services and investment management.
Family philanthropy: core services include facilitating the development of a Family Philanthropy Vision and establishing a Philanthropy Committee in the context of a Family Constitution.
Social investing: works with a network of preferred service providers within a holistic return framework to accommodate
both financial and social objectives.
USP
SPS provides a professional framework for connected giving.
Fee
Our initial meeting is not charged. Thereafter, fees are generally time-based and set at a 20% discount to normal charge-out rates.
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