Philanthropy? The word comes from Greek and what it means is 'for the love of man'. Of course, what it stands for is consciously choosing to invest in projects that do service to the general good.
Get a clear view of what lies ahead. Before you set out.
Each step of the way, we induct you into your role as a start-up philanthropist.
Relax in the knowledge you've got sound guidance.
You'll get to-the-point advice, including on tax and legal aspects.
We promise you an approach that's comprehensive in every detail.
Incorporating philanthropy into your financial plan is assured.
Philanthropy: focusing on the added value
Philanthropic investments can take the form of a donation of funds or
you may instead decide to give freely of your skills and experience.
And therein, above all else, lies their difference from classic gifts
to charity: a broader strategy, greater depth. The reason's simple:
classic good causes aim to resolve a pre-defined problem; a
philanthropic approach grasps the issue by its very roots. A prime
example is investing in cancer research.
Without question, it is still worthwhile to support good causes;
but, to a large extent, it's a route that leaves you wrestling with
manifestations of a social problem as well. Philanthropy gets you down
to the root cause of an issue and spurs you towards its remedy.
Finding a trustworthy partner for your philanthropy project
Perhaps your choice is to give of your time and experience for the benefit of a good cause or maybe you'd sooner donate funds. In KBC Private Banking, you'll find a partner whose involvement is real. We'll be glad to help get you started in your new-found role as a philanthropist.
First and foremost
During the start-up phase, we act as your sounding board on matters like:
- Who is it that you want to help?
- What initiatives are already up and running?
- What kind of results are you wanting to see?
- Will you yourself be rolling up your sleeves?
A brief summary of phase two
In the second phase, we sit down with you and go through the possibilities that present themselves in terms of tax and inheritance planning.
- Inheritance tax and how it affects your plans
- Are you able to use the split bequest technique (or 'duo-legaat' in Belgian law)?
- Is a tax refund available for your donation?
- Are your legal heirs provided for?
- Do you plan writing a will (it's advisable)?
Our tax specialists can explain all the ins and outs to you.
The overall plan of action
Of course, we will take a step back to view the construction in its
entirety and ask how far philanthropy constitutes a good strategic fit
within your overall financial planning. We figure out what timing is
optimal and what size of donation is appropriate, taking account of
your future income and expense flows.
And, finally, if you wish, we can provide you with useful
references to organisations such as the King Baudouin Foundation, with which we enjoy a
close working relationship, or to other institutions of your
KBC itself also supports a number of worthy causes, thereby helping our colleagues to make good on their commitment to society. So, there you have it: KBC Private Banking. Ready when you are to help turn your social benevolence into practical results.