Grants recommended from the Samuel Freshfields Charitable Program's donor-advised accounts have continued to positively impact society in difficult times
Samuel Freshfields, a next generation investment company that aims to give its clients access to a broad range of financial instruments, promoting the highest standards of integrity, responsibility, and competence to produce a highly personalized counseling process, is pleased to announce through its foundation that the Program has reported a shift in granting.
Charities supporting human services garnered the majority of the Program's grant money, with 60% of total grants directed to such organizations, an increase of 10% from the prior fiscal year. Educational organizations received 15% of grants and 13% of recommended grants supported religious organizations. Recipients of the balance of Program grants included charities supporting civic, health, environmental, and wildlife causes.
"While difficulty in the financial markets has had a clear and direct impact on donors' ability to give to charity, we are heartened by the giving that has occurred in difficult times," said Marion Yee-tak, the 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 outreach to donors in these times of need to encourage granting, and have made system improvements to make giving easier and more efficient,” added Mr. Yee-tak.
This year's contributions were marked by a shift to cash contributions, rather than gifted securities, along with contributions resulting from the termination of private foundations, a trend that has gained momentum during the recession as donors seek to simplify and reduce the costs of their charitable giving.
Through its donor-advised accounts, the Program promotes charitable giving by working with individual and corporate donors seeking a simple, low-cost way to coordinate their philanthropic planning.
About Samuel Freshfields
Samuel Freshfields is a next generation investment company that aims to give its clients access to a broad 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 devise custom strategies and deliver exceptional results for our clients. The company’s major goal has been to work hand-in-hand with clients to meet their investment needs. While many financial firms push one-size-fits-all products, Samuel Freshfields strives to coordinate the fundamental disciplines of the company’s dividend-growth philosophy with the unique needs of our clients regarding the growth, use and preservation of their wealth.