The firm launches a new guide to help clients begin their philanthropy journey by highlighting the key issues and challenges faced by philanthropists.

Burges Salmon has launched a new guide into philanthropy, in order to help clients begin their philanthropy journey. The guide explores the key issues and challenges philanthropists ought to consider, whilst providing useful advice and practical guidance, in order to make their giving as successful as possible.

More and more people are keen to give back and make a positive difference. This guide aims to help philanthropists create a cohesive strategy for how to achieve their goals, maximise their resources, undertake effective due diligence and measure results.

The Burges Salmon Philanthropy team is led by Catherine de Maid and the team works with individuals, families and businesses in relation to all aspects of their philanthropy and aims to provide a holistic offering to philanthropists and to the foundations they commonly establish.

Many of the firm’s clients have been engaged with ad hoc charitable giving for several years and their desire to formalise their philanthropy and seek advice is often triggered by a liquidity event, such as selling a business or receiving an inheritance. There are numerous touch points throughout their journey – from shaping their philanthropic strategy and defining their goals through to structuring, implementation and due diligence – where the firm’s Philanthropy team can add value, support and guidance.

Catherine de Maid comments: “Passion and emotion are important motivational factors when deciding to make a difference and choosing the focus of your philanthropy, but ideally the implementation of strategy should be assessed as objectively as any other investment. We hope this report will guide people throughout their philanthropic journeys successfully.”

Read the Philanthropy report here.