We advise families on their approach for philanthropy, usually as an integral part of the wider family strategy. We also provide technical advice, structures, investment services and full operational support where required.
We believe in a more strategic approach to philanthropy, one that meets your short or medium-term philanthropic objectives but also formally integrates philanthropy with succession planning and takes account of long-held family values.
This means ensuring the next generation is actively involved with the family’s philanthropy decision making, working together with other family members to embrace their values fully and moving forward harmoniously in pursuit of worthwhile causes.
Managing the investments of philanthropic foundations is recognised as a specialist activity. It requires significant understanding of the particular issues connected with charities and charitable foundations. We have considerable experience in this area, dating back more than forty years.
We have designed investment strategies, portfolios and reporting structures to meet the specific needs of charitable foundations; including
spending policies which ensure that the real value of an endowment is preserved in the long-term.
Where we have a broader involvement with the charity, and often with other aspects of family finance, a philanthropic policy can inform and inspire our investment choices and day-to-day financial decisions.
Stonehage Fleming will recommend, implement and operate appropriate structures, with suitable objectives, grant-making policies, governance and decision-making processes. All of these are designed to align with wider family finances and governance.
With our international experience we have expertise in helping families to create philanthropic structures in jurisdictions around the world. In addition to this, we can help charities deal with any tax or legal considerations in making donations outside of their country of jurisdiction.
Where required, we provide management and administration services to implement the family’s philanthropic objectives. We can receive and assess applications and deal with grants in accordance with the decisions of trustees or family members.
Where grants are made on a multi-year basis, we can report back on progress in the interim and the appropriateness of completing the grant programme.
Stonehage Fleming was proud to sponsor the Festival of Colour that took place on 4th July in Jersey in aid of Family Nursing and Home Care (FNHC) a Jersey-based charity committed to providing high quality, nursing and home care in the community from birth to end of life. The festival included a five kilometre ‘colour run’ and other family friendly activities including sandcastle competitions and a tug of war.
“Community engagement is a crucial aspect of Stonehage Fleming’s social capital. It shows our commitment to the society in which we work,” said Ana Ventura, Head of Family Office in Jersey.
The festival saw St Austin’s Bay in Jersey transformed into a riot of colour. A number of Stonehage employees participated in the colour run, showered with biodegradable powdered paint at five intervals along the route and cheered on by family and friends.
Money raised will help fund FNHC’s Paediatric Palliative Care worker who supports children and their families where there is a diagnosis or recognition of a life-limiting or life-threatening condition. “I am really proud to support this incredibly worthwhile charity,” said Ana. “It sits at the heart of island life and seeks to touch so many of our lives.”
If you would like to support FNHC, please make a donation here.
Philanthropy is a powerful tool in bringing families together, according to Myriam Vander Elst.“It gives people a common purpose that can be built around the values of the family - transcending business interests,” she told guests at the latest Stonehage Fleming Next Generation course in the UK.
As Managing Director at Epic Foundation, Myriam Vander Elst understands well the transformative influence of giving. “The foundation uses the power of money and network to help those who have not been so lucky, to make the world a better place and to contribute to society,” she said.
Epic is committed to enabling solutions for individuals and businesses to support high-impact social organisations. Myriam joined the foundation in 2015 after a chance meeting with founder and CEO Alexandre Mars.
Following the sale of her family business in 2011 Myriam found herself looking for purpose - a cause that aligned with her values. “To be the sixth generation of a highly successful family is unusual. And to have lasted so long in business highlights how cohesive our family culture was.”
Myriam spent the next three years looking for a charitable cause to put her inheritance to good use. This proved difficult as she struggled to find something she could really believe in.
When in 2015 Myriam met Alexandre Mars, serial entrepreneur and Founder and CEO of Epic Foundation, she had a light bulb moment. “His vision was to make giving the norm”. The rigour of Alexandre’s approach and key principles of honesty, impact and effectiveness appealed to Myriam.
“At Epic we approach philanthropy like the private equity sector. We look for outstanding charities - game changers in the issues they are tackling,” explained Myriam. “We carry out months of due diligence and have 15 key performance indicators against which we measure investee charities.” Epic currently has a portfolio of 28 organisations and has raised $19m in last three years. 100% of funds raised goes to charitable organisations within the portfolio, which focus on children and youth.
“Epic is what I needed,” said Myriam. “Its structured, effective approach to philanthropy resonated with me. It is something I am so proud to be a part of today.”