Philanthropy Modern philanthropy made simple
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Introduction 3 Philanthropy
Many of our clients at UBS see philanthropy as part of their overall wealth planning. Our experienced philanthropy team is here to help ensure that your individual philanthropic goals are achieved. We apply the same rigorous due diligence, monitoring and evaluation to your philanthropy as we would give to your traditional investment portfolio. We believe that philanthropy should be impactful and rewarding. We can guide clients who are new to philanthropy and need to shape their approach or those who want to understand how their philanthropy can achieve as high an impact as possible. Many clients come to us with an idea of what they want to give to and we can offer advice to make their philanthropy even more effective. Philanthropy is often about collaboration; knowing who to work with and who not to. We connect philanthropists to one another who share common goals and introduce them to leading experts in their field of interest. If you would like to enjoy your philanthropy without having to do extensive due diligence or fulfill burdensome administration requirements for giving structures, such as a family foundation, we have our own market leading solutions to help. If you are interested in hearing in more detail about how we can help you to achieve your philanthropic goals then please do not hesitate to contact us or contact your client adviser. Tom Hall Executive Director, Head of Philanthropy tom-za.hall@ubs.com 4 Philanthropy
Philanthropy Advisory 5 Philanthropy
Some philanthropists seek direct involvement with their beneficiaries. Others prefer to remain behind the scenes. We understand your motives, needs and expectations and our structured, tested advisory approach will help to ensure that your philanthropy is personal and rewarding. A comprehensive and tailored session on how to involve the whole family in philanthropy How to decide on what causes to support Different giving vehicles: pros and cons Thinking about succession Peer to Peer introductions Invitations to philanthropy events Roundtable discussions Private Advisory Access to specialists in different fields of philanthropy Helping you to shape or develop your philanthropy strategy How to structure and simplify your giving Our UK Philanthropy advisors are connected to colleagues in the US, Asia and Europe. This means that we can draw on a collective wealth of experience and specialisms. Family Philanthropy We offer a number of different solutions no matter what stage you are on your philanthropic journey. For some clients, membership of our exclusive Global Philanthropists Community may be suitable. Guidance on achieving impact Access to philanthropic research conducted by highly respected institutions Resources ab UBS-INSEAD Study on Family Philanthropy in Asia Fundraising Guide A Resource for Philanthropists Research Philanthropy Compass Fundraising Guide A high quality collection of country specific philanthropic studies from respected institutions A step by step guide to help you develop and review your philanthropy strategy For philanthropists who want to learn how to fundraise more effectively Philanthropy 6 In partnership with:
UK Donor-Advised Foundation 7 Philanthropy
We can help you manage your finances and charitable giving in a simple and effective way The (DAF) is an efficient alternative to setting up a family foundation. It is simple in structure and is without the administrative and financial burden that often occurs with a family foundation. From the DAF, you can make donations to UK registered and exempt charities, such as universities, whenever you choose. Setting up your DAF There are no set up fees and no minimum account value to open your DAF. We also take care of all the ongoing administration costs. Your DAF account could be set up within a couple of weeks and your account will be managed in line with your investment approach and objectives. You can give away capital, growth or income or focus on growing the fund to make grants at a later date. Flexibility Your DAF makes it easy to enjoy your philanthropy. You choose when you want to make grants and how much by simply letting your client adviser know. You can pay into your DAF when it suits you to do so. You may be eligible to claim any available tax reliefs when you do pay into your account. However, there are no time constraints on making grants so you can have time to decide where you really want to give money to. You can pay cash into your DAF or transfer qualifying securities. If you choose to donate cash to the DAF you may be able to claim gift aid and tax relief. This enables the DAF to claim the basic tax rate, increasing your charitable donation by 25% with no extra cost to you. Gifts of shares to the DAF will not only be entitled to income tax relief on the value at date of donation, but any gain on donation would not be subject to capital gains tax. We understand that for many clients, privacy is important and they do not want to be approached by charities they have no interest in. This is why we maintain your anonymity when making grants to your chosen charities. If you wish for your name to be disclosed then we can do that too. UBS does not give tax advice. Before making a decision it is recommended to seek the advice of an independent tax or legal consultant. 8 Philanthropy
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Involving your family Many clients wish to engage their children with the family wealth and, increasingly, philanthropy is seen as a way to do so. You can name older children to make grants on your behalf from your DAF (grant recommender), meaning it can operate just like a family foundation. Children or siblings can also be named as successors on your account so that you can leave a lasting legacy of your philanthropy. How the DAF works Donation into your DAF from a foundation account or UBS account Your UBS DAF Account Gift Aid from HMRC adds 25% to your donation * All the benefits of your own Foundation with governance and all administration undertaken by UBS Grants to other UK registered charities and exempt charities at any time *UBS does not give tax advice. Before making a decision it is recommended to seek the advice of an independent tax or legal consultant. 10 Philanthropy
UBS Optimus Foundation 11 Philanthropy
Entrepreneurial philanthropy Our value add Effective, impactful philanthropy demands an intimate understanding of the problem you want to solve. But it takes time and resources to establish the facts and monitor and evaluate the results. That s where we come in. At the we can help you achieve your philanthropic goals by connecting you with inspiring entrepreneurs, new technologies, and proven models that bridge a gap preventing children from thriving. We focus on programmes that have the potential to be transformative, scalable and sustainable so that you know you are making a real difference to the lives of vulnerable children. We don t work with the usual suspects. We seek out and offer you the game changers. Working with world-renowned academics, and with the expertise of our highly experienced programme team, we are confident in our programme selection. That s why we fund programmes alongside our clients and will sometimes match fund your donation. All of our administrative costs are covered by UBS meaning we can guarantee that 100% of your donation goes to the programmes. We monitor, measure, and regularly communicate results so you can see or hear first-hand what your money has achieved. 12 Philanthropy
Diversification Impact and sustainability With a global portfolio of programmes you can diversify your philanthropy, reducing their risk of funding programmes that may not work out as expected. When they don t work we tell you. And we learn from it. From programmes that help prevent disease, improve academic standards, use new technology to solve problems, or ensure that children grow up in a safe and loving environment, we can help you change our world for the better. Expertise and experience Our team of highly experienced programme directors, external specialists, and academics apply rigorous selection criteria to ensure we only offer you high-quality, high-impact programmes. Our programmes have been recognised in Forbes, the New York Times, Stanford Innovation Review, by the Clinton Global Initiative, and in the New England Journal of Medicine, to name but a few. Continuous monitoring and evaluation ensure our programmes are achieving the best possible results for the benefit of children, their families and communities. We take a long-term view, and by focusing on programmes that tackle the root cause of a problem, your donation could help deliver a sustainable solution that will have long-term benefits for children and their futures. Access all areas You will receive updates on the impact of your donation. We also provide you with the opportunity to hear directly from our programme partners, giving you the chance to ask questions of those whose programme you have helped to fund. We also offer client field trips to help you understand programmes better. Your philanthropy your choice You can increase your chances of helping get the next great idea off the ground by giving to our programmes. Alternatively, for a donation of 50,000, we can direct your donation to a programme of your choice. For 100,000, we can replicate a programme in a specific geographic region, and for 750,000 we can source and manage a tailor-made programme for you. 13 Philanthropy
You can increase your chances of helping to get the next great idea off the ground by giving to our programmes 14 Philanthropy
Global reach The Optimus Foundation helps clients give to innovative, high impact projects in the UK and across the globe. Expertise Impact Innovation Diversification Evidence Sustainability Some of the priority countries where we fund programmes. 1 2 5 7 6 14 15 13 16 17 18 8 9 10 11 19 3 4 12 1 USA 5 UK 9 Liberia 13 India 17 Hong Kong 2 Mexico 6 Germany 10 Ivory Coast 14 Nepal 18 Philippines 3 Peru 7 Switzerland 11 Ghana 15 Bangladesh 19 Indonesia 4 Brazil 8 Sierra Leone 12 South Africa 16 China 15 Philanthropy
UK Philanthropy Services Team Tom Hall, Executive Director, Head of Philanthropy tom-za.hall@ubs.com With over 12 years experience working with and advising private clients, Tom leads our UK Philanthropy services to help clients identify and achieve their philanthropic and impact investing strategies. Prior to joining UBS in 2013, Tom spent his career in the non-profit sector working with wealthy individuals and companies to deliver award winning, sustainable philanthropic and social investment solutions. As Director of Philanthropy and Social Investment at the disability charity Scope, he pioneered the use of social investment structures, including the Scope Bond which was the first listed bond issued by an operational charity in the UK. Tom also worked with the cabinet office on the development of the new Social Investment Tax Relief. Earlier in his career, Tom was the first UK employee of the Microloan Foundation securing the investment for the charity to expand into sustainable microfinance business reaching over 20,000 clients a year in Malawi and Zambia. Tom is a Politics graduate from Exeter University and has professional qualifications in marketing (CIM), fundraising management and financial planning. Anthony Donatelli, Director, Business Manager anthony.donatelli@ubs.com Anthony joined the UK Philanthropy Services team in April 2015 after spending two years working in Group Strategic Change Management and Group COO Risk Management in the UBS London office. Prior to relocating to London, Anthony was based in the Sydney office for three years responsible for business continuity in Australia, New Zealand, Thailand, and Indonesia. He joined UBS in the Americas headquarters in Stamford, Connecticut within the Office of the COO in 2008, performing project management and business continuity roles. Anthony has dual Bachelor of Arts degrees from Boston College in History and Education and his MBA through Duke University s Fuqua School of Business. 16 Philanthropy
Professor Paul Palmer, Independent Consultant on Charities Paul is Professor of Voluntary Sector Management, and Associate Dean for Ethics, Sustainability and Engagement at Cass Business School, City, University of London. Paul has extensive knowledge of charity financial, management and Governance issues and was a member of the Charity Commission SORP committee from 2000-2005. He is an independent consultant on Charities to UBS Wealth Management. Current voluntary work includes being a Founder Trustee of the Hon Treasurers Forum, the Chair of the Grant Making Committee of the Hospital Saturday Fund and Vice President of the Nonprofit Academic Centers Council. Paul is also a Director of the Patron s Fund set up to celebrate HM the Queen s patronage of over six hundred charities. Past roles have included being President of the Royal Society of Public Health. a Director of the NCVO Trading Company and a Commissioner on the Third Sector Commission on Ageing. 17 Philanthropy
Phyllis Costanza, Chief Executive Officer Phyllis was appointed CEO of the in June 2011. Prior to this, she was Director of Leverage at the Children s Investment Fund Foundation (CIFF), a UK-based non-profit philanthropic organization focused on improving the lives of children living in poverty in developing countries. She also served as a CIFF board member for eight years. Prior to CIFF, Ms Costanza worked for 10 years as a management consultant advising clients in both health care and non-profit arenas. She also worked in the public sector as the Manhattan Representative for New York State Governor Mario Cuomo, advising on policy and politics in Manhattan. Ms Costanza received a Masters in Public Policy from Harvard University s John F. Kennedy School of Government and a Bachelor of Philosophy degree from Miami University (Ohio). Sally Faiz, Programme Director, Child Protection Sally worked at The Children s Investment Fund Foundation (CIFF) as a Portfolio Manager before joining the UBS Optimus Foundation. In her time at CIFF she has worked on education, early childhood development and global health in Africa and South East Asia. Previously, she worked as a management consultant with McKinsey and Co, both in their London office serving a range of international corporations, and with their social sector office working with clients in philanthropy, global health, education and agricultural development. Sally has also worked as a humanitarian aid logistician with Medair. She has an M.B.A. from INSEAD and a B.A. in English Literature from Bristol University. 18 Philanthropy
Ann-Marie Sevcsik, Health Programme Director Ann-Marie brings nearly 20 years of experience in biomedical research, with the past 10 years focused on R&D and access to health tools for vulnerable populations worldwide. Prior to joining the foundation, she worked at the Drugs for Neglected Diseases initiative (DNDi) which develops and makes available new treatments for neglected diseases. Educated at Harvard and the University of California, San Francisco, Ann-Marie has worked with a wide range of organizations including the World Health Organization, multinational pharmaceuticals, biotechnology companies, and patient advocacy organizations and on projects in more than 15 countries including Argentina, Brazil, DR Congo, Egypt, India, Japan, Kenya, Malaysia and Spain. Maya Ziswiler, Programme Director, Education and ECD Maya has been Programme Director for Education and Early Childhood Development at since 2012. She joined from the Global Fund to Fight AIDS, Tuberculosis and Malaria where she was responsible for managing public-private partnerships such as (RED) or the MAC AIDS Fund to provide treatment, care and support for HIV/AIDS and malaria programmes in Africa and the Caribbean. Previously, Maya worked for UNICEF in Peru, building partnerships to support early childhood development programmes there. She also brings valuable project management experience from Procter & Gamble in the Middle East and non-profit consulting experience from China. Maya holds degrees in International Development from McGill University in Canada, and an MBA from the University of Geneva. She speaks English, French, Spanish, German and some Mandarin. 19 Philanthropy
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UBS Wealth Management is a business division of UBS AG which is authorised and regulated by the Financial Market Supervisory Authority in Switzerland. In the United Kingdom, UBS AG is authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. The price and value of investments and income derived from them can go down as well as up. Capital held in DAF accounts is therefore at risk. This has been prepared solely for information purposes and is based upon opinions which reflect our current views but which may be liable to change, and upon sources believed to be reliable. Tax information is provided based upon our understanding of current tax legislation and applicable rates. These may change in the future and they may not apply to your individual circumstances. UBS does not give tax advice and you should consult your independent tax adviser for specific advice before entering into or refraining from entering into any investment. UBS 2017. UBS AG 5 Broadgate London EC2M 2AN Tel: +44-20-7567-8000 www.ubs.com/philanthropy-uk