Simple Charity Trust is a popular choice for people with good intentions and have the following advantages:
Advantages of Simple Charity Trust
Simple charitable trusts have no minimum entry threshold and are suitable for a wider range of trustees to contribute to the community, as long as the trust is sustainable.
This makes it easier for the trustee to meet the needs of the trustee, reduces the trustee’s involvement in investment activities and the risk of loss, and makes it easier for the trustee to make donations to charities.
Not only can trustees designate beneficiaries, but they can also switch between trustees and beneficiaries at any time in the future, allowing trustees to monitor the operation of trustees and beneficiaries more effectively.
As trusts are based on insurance policies or investment accounts, the terms of the trust can be easily standardized to save the operating costs of charities, thus benefiting a wider range of charitable recipients.
If you are interested, please contact us for more information.