Help Your US Connected Clients Give Tax-Effectively

If your clients pay tax in the UK and the US, there is a tax-effective way for them to maximize their charitable impact. A donor-advised fund (DAF) with NPT Transatlantic allows your clients to claim eligible tax deductions on their giving in both jurisdictions. As advisors, here’s what you need to know: 

Dual qualified: NPT Transatlantic is a UK and US dual qualified charity. Contributions to NPT Transatlantic are recognised for tax purposes in both the UK and US simultaneously. 

Multi-currency: NPT Transatlantic can hold USD and/or GBP, allowing your clients to organise their giving in multiple currencies within one DAF account. 

Wide range of asset contributions: Your clients can donate cash, appreciated shares, property and complex assets such as alternative investments, restricted shares, privately held business interests (C-corporations, S-corporations, LLCs) and publicly traded partnerships. 

Grants worldwide: NPT Transatlantic conducts all necessary due diligence on charitable grantees. 

Convenience: NPT Transatlantic administers the DAF account seamlessly, processing your client’s contributions, Gift Aid and grant recommendations. A DAF can be established quickly, usually within 48 hours. 

Investments: Your clients can choose to invest the DAF assets from a wide range of investment options. For DAF accounts greater than £500,000 or $800,000, your clients may recommend a specific investment manager. 

Single gift option: NPT Transatlantic offers designated funds for donors who wish to make a single charitable gift to one specific charity. As a dual qualified charity, NPT Transatlantic will issue the donor a UK and US tax receipt. 

To find out more about how NPT Transatlantic can help your US-connected clients, contact us.  

NPT UK does not provide legal or tax advice. This blog post is for informational purposes only and is not intended to be, and shall not be relied upon as, legal or tax advice. The applicability of information contained here may vary depending on individual circumstances.

About the Author

Natalie Pinon is Executive Director, Development at NPT UK. She has over 15 years of experience working with philanthropists and impact investors to manage their giving.