Samuel Freshfields charity program awards nearly $ 1 million to public charities across Asia
The grants recommended by the Samuel Freshfields Charitable Program Donor Advised Accounts have continued to have a positive impact on society in these difficult times
Samuel Freshfields, a next generation investment firm that aims to give its clients access to a wide range of financial instruments, promoting the highest standards of integrity, accountability and competence to produce a process of highly personalized advice, is pleased to announce through its foundation that the Program has signaled a change in granting.
Charities supporting human services collected the majority of grants for the program, with 60% of total grants going to these organizations, a 10% increase from the previous year. Educational organizations received 15% of grants and 13% of recommended grants supported religious organizations. Recipients of the remainder of the program’s grants included charities supporting civic, health, environmental and wildlife causes.
“Although the difficulties in the financial markets have had a clear and direct impact on the ability of donors to donate to charity, we are encouraged by donations that have taken place in difficult times,” said Marion Yee- tak, Executive Director of Samuel Freshfields Charitable. Program. “We continue to encourage donors to recommend grants to trusted charities and, in order to facilitate this, we have increased our reach to donors in these times of need to encourage grants and have made improvements to the system. to make giving easier and more effective, ”added Mr. Yee-tak.
This year’s contributions have been marked by a shift to cash contributions rather than securities donations, as well as contributions resulting from the termination of private foundations, a trend that accelerated during the recession as donors seek to simplify and reduce the costs of their charitable giving. .
Through its donor-advised accounts, the program encourages charitable giving by working with individual and corporate donors looking for a simple and inexpensive way to coordinate their philanthropic planning.
About Samuel Freshfields
Samuel Freshfields is a next generation investment firm that aims to give its clients access to a wide range of financial instruments and markets as well as professional advice to maximize returns. Samuel Freshfields’ investment advisory and brokerage services are multidisciplinary, allowing the company to design personalized strategies and deliver exceptional results to our clients. The main objective of the company has been to work hand in hand with clients to meet their investment needs. While many financial companies offer universal products, Samuel Freshfields strives to coordinate the core disciplines of the company’s dividend growth philosophy with the unique needs of our clients regarding the growth, use and preservation of their products. patrimony.