Three referrals, three different approaches
These three stories show there are many ways to help a client who has questions about charitable giving.
Aoraki Foundation led - Ken McKenzie, RSM Law
While reviewing a Will that had several charitable gifts included, advisor Ken McKenzie suggested that the Aoraki Foundation would also be a suitable recipient. The client agreed but did not know much about the Foundation. Ken asked if it would be okay if the Aoraki Foundation spoke directly with the client and they happily agree. A trustee and staff member of the Aoraki Foundation arranged a meeting to discuss this gift. After some questions to find out more about the client’s philanthropic wishes it was decided that the proposed purpose was too narrow and there was a better way to structure their giving. A new memorandum of wishes was drafted by the Aoraki Foundation that could be added to the client’s final wishes. The client was extremely happy with Ken for putting them in touch with the Foundation.
Joint approach - Steve Doyle, Lifetime Group
During a routine client review, financial advisor Steve Doyle brought up estate planning. His client mentioned the desire to leave a gift to the community. Having recently had a presentation from the Aoraki Foundation, Steve recognised the Aoraki Foundation may be able to help with some guidance. Having been given his clients approval, Steve arranged a joint meeting with the Aoraki Foundation to explain the options available for charitable giving. Not only was this very beneficial to the client but Steve also learned a lot from the experience. The Aoraki Foundation provided some information for the client to take away and consider. The client appreciated getting a deeper understanding of the options available, especially knowing that their gift would stay local through the Aoraki Foundation.
Advisor led - David Forman, RSM Law
When a couple mentioned leaving a gift in their will towards the protection of animals in South Canterbury, former trustee David Forman thought the Aoraki Foundation would be a good fit. After explaining the options of a direct gift or a legacy gift, his clients liked the idea of having the money provide a sustainable income stream that would remain in South Canterbury and be directed where it was best needed both now and in the future. David asked if they wanted to meet with the Aoraki Foundation, but their preference was to deal directly with their trusted advisor. After seeking his client’s permission to speak with the Aoraki Foundation about their situation David called Chief Executive Richard Spackman. Richard and David discussed the clients wishes and options for an ever-lasting gift. The Aoraki Foundation, at no charge, prepared three possible memorandum of wishes with slightly different purposes centred around animal care. David met with the clients again and they chose the purpose that was closest to their hearts. The potential gift was registered with the Aoraki Foundation, and the new named fund was established.