VICDOC Summer 2023 - Magazine - Page 62
Harper Bernays
Charitable Trust
A better, sustainable way to make a difference.
Many Australians strive to make a positive impact by giving to causes that matter. However,
the right vehicle can take your charitable giving far further, providing more bene昀椀ts to
recipients, and helping you leave a lasting legacy.
Giving through the Harper Bernays Charitable Trust (HBCT) ensures your contributions count. Even with a modest
amount, you can establish an HBCT account that will direct funds to your chosen cause. Contributions to the HBCT
are fully tax deductible up front. They are held in trust and managed by Harper Bernays in a tax-free environment.
That allows the pool to appreciate over time and more money to reach the charities of your choice.
GIVING THROUGH THE HBCT
On behalf of it’s account holders the HBCT has distributed over $4 million to more than 100 charitable causes.
Account holders access the following bene昀椀ts:
Flexibility to
give to your
preferred
registered
charity
Better planning
to maximise
your impact
Brings forward
the tax
deductions of
future charitable
donations
Capital gains
resulting from
the investments
are tax free
Structured
giving without
the burden
and cost of
administration
Involve family
and younger
generations via
transferable
perpetual account
4% of the account balance is required to be distributed to charity each year. Investment earnings have historically
exceeded 4% over the long term which has led to account balances and amounts donated growing over time.
REAL RESULTS: MAXIMISE THE BENEFIT OF EVERY DOLLAR DONATED
Charitable bene昀椀t over 20 years of $100k donated under different structures
$ 600,000
Not inside a charitable trust
Inside a charitable trust
500,000
400,000
300,000
200,000
100,000
0
Annual giving
Set aside up front
HBCT account
NB: Assuming 7% post fee investment returns and top marginal tax bracket.
The HBCT is an effective way to make the most of your philanthropy and ensure you can make the most difference.
Talk to us about how to maximise not only your impact, but that of your children and grandchildren too.
Harper Bernays Limited
62
Level 1
50 Pitt Street
Sydney NSW 2000
AFSL #230635
National 1800 427 737
ABN 32 003 148 794
VI C TO RIA
Holder ofAMA
Australian
Financial Services Licence
harperbernays.com.au
