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Forsters LLP | United Kingdom | 20 May 2021

Introduction to philanthropy – from vision to reality

This article provides an introduction to family philanthropy, outlining the key issues that need to be considered in order to ensure a successful charitable project. These include charitable themes, funding, ways of operating, jurisdiction, the role of the family and ethical issues.
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Venable LLP | USA | 25 Jan 2021

Maximising value of brands and creative works in challenging times

Since the COVID-19 pandemic started, some new trends have emerged among non-profits looking to maximise their brand value. This article outlines strategies that non-profits should consider when working to maximise brand value, conduct a successful rebrand or monitor the use of copyrighted materials.
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Forsters LLP | United Kingdom | 26 Nov 2020

Sustainability in the charitable sector – is social investment the answer?

The issue of sustainability for the charitable sector takes many guises, including in the way in which charities invest funds, but also in the activities which charities undertake and, by implication, fund. Sustainability as a theme can be observed through a number of different lenses; this article deals with the investment of funds and charitable activities in this context.
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Ogier | Jersey | 26 Mar 2020

Five steps to avoid insider fraud

Insider fraud is a problem that persists at all levels of society, irrespective of whether the entity has commercial or altruistic motives. This begs the question of what internal controls and procedures employers in any sector can implement to reduce the risk of insider fraud. This article outlines five steps which could significantly reduce the risk for businesses of any size or type.
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Carey Olsen | Bermuda | 31 Jan 2019

Update on Bermuda private trust companies

This article considers how recent changes to the regulation of financial services in Bermuda have affected private trust companies. Among other requirements, directors and administrators of private trust companies should determine whether they fall within the definition of an 'anti-money laundering/anti-terrorist financing regulated financial institution' and ensure that they comply with the......
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Ogier | Jersey | 17 May 2018

At a glance: guide to Jersey's new charity law

The next phase of the Charities (Jersey) Law 2014 was enacted on May 1 2018, allowing entities to finally register as charities under the law. The remaining provisions of the law are expected to come into force on January 1 2019, which will amend Jersey taxation legislation in relation to charities. This is an exciting opportunity for Jersey to reinforce and develop its status as a centre of......
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Ogier | Jersey | 16 Apr 2015

New Charities Law – bright new dawn

Certain parts of the new Charities (Jersey) Law 2014 recently came into force. This represents a quantum leap forward for Jersey in the charity field, as the law has introduced a new test to determine what is considered charitable, has created the post of charity commissioner and the charity tribunal and will introduce standards by which charities operating in Jersey must abide.
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Caplin & Drysdale, Chartered | USA | 7 Sep 2012

IRS confirms deductibility of contributions to domestic disregarded entities

The Internal Revenue Service (IRS) has announced that donors may claim charitable deductions for their contributions to domestic disregarded limited liability companies that are wholly owned and controlled by US charities. However, the IRS remains silent on the position of disregarded entities organised under foreign law, leaving their treatment to be determined under the existing regulations.
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Gowling WLG | United Kingdom | 2 Feb 2012

Tax-effective charitable giving

The UK government is increasing its attempts to encourage the public to become more philanthropic through its 'Big Society' initiative. There are also growing calls for the wealthy to contribute more to society, as well as growing enthusiasm among high-net-worth individuals for philanthropy. However, it is important for individuals to consider the options for charitable giving and the UK tax......
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