Giving Back

Read More

GivingGiving Back

When we leave this world, we take nothing with us, but what we leave behind can make a big difference to others. It is usual for surviving family members to be the beneficiaries of an estate but increasingly, charitable organisations are benefiting from the generosity of community-minded testators. The purpose of leaving behind assets for the next generation is to contribute to their well-being. Insightful people recognise that while money contributes to well-being, so does community support. A thriving community in which people support each other is essential to well-being and happiness. Thriving communities attract new residents, employment and economic growth. So if your intention is to secure the future of your descendants, think about leaving part of your estate to organisations that provide community support and enrich people’s lives. These days, families tend not to stay in the same place. However, if each of us gave back to a community that provided support during part of our lives, all our families and future generations would be taken care of.

Giving is not just for the wealthy. Whatever the size of your estate, whether it is $50 or $50 million, a portion can be set aside. Perhaps ten percent is a reasonable portion to give; it’s a big enough portion to make a difference to your community, but small enough that it shouldn’t be missed by the other beneficiaries of your estate.

Throughout New Zealand there is a network of community foundations which provide a vehicle for people leave a gift for their community. Funds are pooled and invested in perpetuity, with the returns from the investments being paid out to charitable organisations. More information is available here. Gifts can be made during your lifetime too, which means you gain the satisfaction of seeing the difference you have made.

Related Articles

Liz Koh

Budget Winners and Losers

The latest Government budget had something for everyone but while most households will be a few dollars a week better off, there are some clear winners and losers. In the winners’ corner are businesses, those on high incomes, and savers. The biggest losers are property investors who have built large portfolios financed partly by tax rebates.

Read More »

Top Up or Miss Out

The end of June is an important date for KiwiSaver members. The financial year for KiwiSaver runs from 1 July 2009 to 30 June 2010 and if you have contributed at least $1,040 to KiwiSaver during that time, you will be eligible for the full amount of Government tax credit to be paid into your KiwiSaver account in July.

Read More »

Responsible Investing

There is a worldwide trend for investors to want to make a positive contribution to the world by investing in companies that are socially and environmentally responsible. If you are passionate about the effects of climate change, the scarcity of food and water, and social or environmental policies in general, then you will no doubt wish to ensure that the companies in which you invest are going about their business in a manner that is consistent with your views.

Read More »

Helping You Live your retirement To the Max

Keep in touch

Fill in your details and we’ll get back to you in no time.