Setting up a Trust for Charity

loloray

Sorry if this is the wrong place to post, but I can't find any similar threads or more suitable threads on boards.ie for this.

Basically a good friend died last year, and there is an amount of money sitting there (from her personal savings and money raised for her) that needs to be donated to charity.
I want to find out how to set up a Trust so that we can donate more money (want to make Christmas cards and have a fund-raising event) toward the Trust before we donate it all in one big lump towards a specific cause (she died of cancer).

Does anyone have any advice or experience regarding this?
Kind Regards.

DubTony

I wold have thought that her personal savings would have gone to her next of kin. Anyway, this is a legal and tax thing. Contact an accountant and a solicitor, and probably best to do it in that order.

Spinnaker

Sorry to hear about your loss.

I have no experience or knowledge of trusts but you may find this useful as a way of managing donations to a wide range of charities ... www.ammado.com

loloray

DubTony wrote: »

I wold have thought that her personal savings would have gone to her next of kin.

Well - obviously, We're not talking about stealing her money and giving it to charity. The next of kin want to give her savings and the money raised towards a charity. But first we want to raise some more money and put it all together in the form of a Trust and then we can donate it in one big lump.

I was wondering if I could get any advice from anyone who has already done this.

Spinnaker wrote:

I have no experience or knowledge of trusts but you may find this useful as a way of managing donations to a wide range of charities ... www.ammado.com

Thank-you very much for that link. I also came across www.mycharity.ie which is a nice idea.

Basically what I want to do is something like the great work that the people have done at the Sharon Rice O'Beirn Melanoma Trust has done. Unfortunately there seems to be no way to contact them through that!

leixlip_pa

hi, just to say that we in the www.melanomatrust.com found that donating through the www.mycharity.ie website is very efficient and professional and therefore have no hesitation in recommending it.

MartMax

As far as my understanding when it comes to death, personal tax affairs and anything to do with wills and estates must be left to the hand of the Estate executors. My general advice is best to contact a solicitor.

Wonky Knees

loloray wrote: »

Well - obviously, We're not talking about stealing her money and giving it to charity. The next of kin want to give her savings and the money raised towards a charity. But first we want to raise some more money and put it all together in the form of a Trust and then we can donate it in one big lump.

I was wondering if I could get any advice from anyone who has already done this.

Thank-you very much for that link. I also came across www.mycharity.ie which is a nice idea.

Basically what I want to do is something like the great work that the people have done at the Sharon Rice O'Beirn Melanoma Trust has done. Unfortunately there seems to be no way to contact them through that!

I think you may be confused about the benefit of a trust for what you want to do. If I read your mail correctly you want to add more money to the money you already have and give it to a charity. I'm presuming that you want some form of remembrance in the person's name and you may want to be open to turning your fundraising into an annual thing with a name.

My suggestion: If you already have an idea of where the money should be used and you have selected a charity that works in this area, then, go to the charity, tell them that you have money for X and that you want to raise more money for X and that you want all this money to reach X in remembrance of Y (your late friend). Ask them to set up a special account or project in the name of your friend where the money donated goes to X under this new name and you have the option to raise money on behalf of the charity for the special project in your friends name. I'm suggesting this because maybe, just maybe, you would be better off using the existing structures available to the charity to achieve your goal.

leixlip_pa

hi, i would agree with the sentiments expressed by fatimamansions in that it can be a more efficient way to achieve your goals if you identify a program that an established charity has already begun to work with.
i know that the www.melanomatrust.com found just that with the irish cancer society and their sunsmart program. thus we were able to fund raise over €60,000.00 in a short time and run various awareness events.
wishing you well with your efforts at this trying time.