“What it is to be Human” both on the benefactors’ and beneficiaries’ end.
BMG works closely with ultra-high net worth families who are heavily interested in philanthropic efforts, whether it is a longstanding commitment or a new interest. We are passionate about giving, just like our clients and we can assist individuals develop and fulfill their charitable goals so they truly make a meaningful impact.
Since each family’s situation is unique, we offer customized advice to help you understand the choices available to you and establish the right structure to promote your philanthropic wishes.
- A Private Foundation – is a legal entity which is set us by an individual, a family or a group of individuals for the purpose of philanthropy or an object legal in the economic operation. Its funds and programs are managed by its own trustees or directors. Unlike a charitable foundation, a private foundation does not generally solicit funds from the public. A private foundation does not have the legal requirements and reporting responsibilities of a registered, non-profit or charitable foundation.
- A Donor Advised Fund (DAF) – This is another philanthropic vehicle established at a public charity. It allows donors to make a charitable contribution, receive an immediate tax benefit and then recommend grants from the fund over time. A donor contributes to the fund as frequently as they like and then recommends grants to their favorite charity when they are ready.
- Personal, Direct Giving – This is the most common and recognizable form of giving. The key to most form of direct giving is that its implementation is simple. However, with that simplicity comes a trade-off with the ability to control what the amount given is used for.
Social Responsibility: (still need to research this more)
At BMG we aim in developing businesses with a positive relationship to the society which they operate in.