HOME services charitable planning

Charitable Planning

Hemenway Trust Company supports clients throughout their philanthropic journey. Whether you are new to giving or are part of a family foundation that has spanned generations, Hemenway Trust Company can assist with your philanthropic needs. Together with Hemenway & Barnes LLP, our seasoned professionals will help you address your charitable goals and objectives and implement your giving strategy. We work to develop a custom giving strategy, coordinate with your estate and tax planning, and ensure that administration of your charitable giving runs smoothly over time.

It can be challenging to sort through the wide range of charitable vehicles and discern which works best for your desired outcome. We help clients choose how and when to make charitable gifts, including:

  • During your lifetime or at your death
  • Outright or through a trust
  • Naming a charity as a beneficiary in your will, life insurance policy, or retirement plan

Our advisors help you choose the charitable giving vehicle, or combination of vehicles, that will enable you to achieve the impact you envision, including:

  • Private foundations, donor-advised funds, or a combination of the two
  • Funding a life income gift, such as a charitable gift annuity or charitable remainder trust, allowing you to combine your gift with income goals

Services

There is no "one size fits all" solution. Together with Hemenway & Barnes LLP, our team of advisors includes lawyers specializing in estate planning and nonprofit formation and governance; tax and investment professionals; and philanthropic advisors who can tailor solutions to meet your individual needs and vision for philanthropy.

Planning
  • Conduct needs assessment and develop a philanthropic strategy
  • Identify appropriate structure(s) for giving, such as private foundations, charitable trusts, donor-advised funds, pooled giving, and individual gifts
  • Create a continuity plan for shared family philanthropy, including defining family roles and multigenerational planning
  • Coordinate charitable giving with socially responsible investment of funds and other activities that promote clients' philanthropic goals
  • Provide related guidance regarding board service and volunteer activities for individuals and families
Program Development
  • Identify clients' areas of interest
  • Develop programs consistent with goals and interests
  • Analyze trends and make recommendations
  • Develop marketing communications
Implementation
  • Review, evaluate, and manage grant applications
  • Administer grant process
  • Plan and facilitate meetings and site visits
  • Negotiate and draft gift agreements for all asset classes
  • Provide administrative support
  • Prepare materials for trustees and donors
Financial Management
  • Investment management
  • Impact investing
  • Tax planning
  • Tax return preparation

Related Services

ESG & Impact Investing
We can structure each client’s portfolio according to that client’s values and priorities for environmental, social, and governance concerns.
Family Office Services
There is no "one size fits all" family office. We place a high value on getting to know each family and working with you to align the services we provide to your goals.
Foundations & Endowments
Foundations, endowments, and charitable trusts seek our guidance and experience to help them accomplish their philanthropic mission.
Ready to get started?
Our philanthropic advisors can tailor solutions to meet your individual needs and vision for philanthropy.
Contact Us