There's a smart and easy way to give to charity – through the ÃÛ¶¹ÊÓƵ Monaco Donor-Advised Foundation (DAF). It’s a Monégasque charity under which you establish a charitable account in a tax-efficient wrapper. This lets you donate to Monaco registered and exempt charities, like universities.

The DAF is an excellent, cost-effective and simple alternative to setting up your own private charitable foundations or grant-giving charities.

Why choose a ÃÛ¶¹ÊÓƵ Monaco Donor-Advised Foundation

ÃÛ¶¹ÊÓƵ brings extensive experience and expertise in philanthropy and wealth management, and has been recognized as a leader in global philanthropy services.1

Whatever your philanthropic objectives, we can help you manage and achieve your charitable contribution goals in a simple and effective way through the ÃÛ¶¹ÊÓƵ Monaco Donor-Advised Foundation (DAF).

How our Donor-Advised Foundation works

The ÃÛ¶¹ÊÓƵ Monaco Donor-Advised Foundation offers you a truly flexible way to make charitable donations to your favorite causes. Whether you want to give money now or let it grow to give away later, you can manage your DAF easily and effectively.

Charitable giving chart

1. Setting it up

Any Monaco resident and domiciled taxpayer – whether an individual or a company – can open a Donor-Advised Foundation with a ÃÛ¶¹ÊÓƵ account. It's possible to open a ÃÛ¶¹ÊÓƵ account and choose to only hold assets in the DAF account.

2. Making your donation

As a client you can make charitable contributions to your ÃÛ¶¹ÊÓƵ DAF account at any time, without any minimum or maximum limits imposed. For new clients, a minimum deposit is required to open a ÃÛ¶¹ÊÓƵ account.

3. Reclaiming tax reliefs

If you choose to donate cash to the DAF you may be able to claim gift aid and tax relief. We can help you reclaim any income tax relief for which you may be eligible.

4. Grant making

All grants must be made to Monaco registered and exempt charities, and are subject to approval by the trustees in accordance with charity commission rules. This can include donations to universities and more.

You have the flexibility to schedule grant distributions at your discretion and determine the amount you wish to donate. Options include making regular payments, allocating income generated from your portfolio, or contributing lump sums.

Benefits of establishing a Donor-Advised Foundation with ÃÛ¶¹ÊÓƵ Monaco

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Simplicity and flexibility

We handle all the administration at no cost to you. You can choose the charities you want to support with grants of any size, as often as you wish.

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Anonymity

We protect your privacy with the option to make grants to charities anonymously.

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Charity tax relief

We'll add to your ÃÛ¶¹ÊÓƵ DAF any tax we can reclaim on your charitable donations.

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Family oriented

Nominated family members, both during your lifetime and after you pass away, can run your DAF and make charitable donations from it.

Learn more about the Donor-Advised Foundation in our video

Please watch our video, where Tom Hall, Head of Philanthropy Services explains more about the benefits of charitable giving through our ÃÛ¶¹ÊÓƵ Donor-Advised Foundation.

How do I know if I need a ÃÛ¶¹ÊÓƵ Donor-Advised Foundation account?

If you can answer yes to some or all of these questions, the ÃÛ¶¹ÊÓƵ Monaco Donor-Advised Foundation might be right for you:

  • Do you have charitable giving goals, such as donating a percentage of your wealth to children's charities?
  • Would you like the option to make charitable donations anonymously?
  • Would you like to involve your family in your charitable contributions and decisions?
  • Would you like a charitable fund that continues after your death?
  • Would you like the flexibility to review and change the charities you give to?
  • Are you unsure about which charities to support but know that you want to put money aside now for philanthropic purposes?

For the next steps, please contact your client advisor for guidance on establishing your ÃÛ¶¹ÊÓƵ DAF tailored to your charitable giving preferences.

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The price and value of investments and income derived from them can go down as well as up. You may not get back the amount originally invested.

ÃÛ¶¹ÊÓƵ does not provide tax or legal advice. You should consult your independent tax/legal advisor for specific advice before entering into or refraining from entering into any services or investments.

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*Based on our understanding of current tax legislation and applicable rates. These may change in the future and may not apply to your individual circumstances. ÃÛ¶¹ÊÓƵ does not give tax advice.

**The price and value of investments and income derived from them can go down as well as up. Capital held in this account is therefore at risk.

 

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