About the foundation

Why was TCF established?

TCF has been established to enable mass affluent clients of financial planners and wealth managers to give effectively to charity through establishing their own Donor Advised Funds (DAFs). A DAF is a very cost-effective way for an individual or corporate entity to have their own charitable trust without the expense of setting up their own charity and ongoing regulatory costs.

TCF was the joint vision of Graeme Price and Paul Palmer, Director of the Centre for Charity Effectiveness who has pioneered financial education for charities for over thirty years. Paul and Graeme were particularly interested in the discrepancy they identified for their publication for the Centre for Policy Studies in 2010.

Very wealthy people give a larger percentage of their net wealth – more than the next levels of wealth in bands 2 and 3 in the wealth classifications of the Office of National Statistics (ONS) – often referred to as the mass affluent. TCF is an enabler for those in bands 2 and 3 to give more easily.

Donor Advised Fund – Financial Planning and Philanthropy

The financial planning profession has increasingly focussed on helping clients understand and achieve their purpose rather than simply organise their finances.

Many clients seek to express their purpose through philanthropy delivered via various charities. However, there are often barriers to overcome:

• How do I ensure my money is spent on what I wish to support?
• How do I give anonymously, as I don’t want to be hassled for more?
• How do I ensure that my money has the maximum impact?

By having their own DAF, the financial planning profession can help clients overcome these issues. Through the TCF DAF financial planners and wealth managers can enrich their clients’ sense of purpose and wellbeing whilst contributing to a better society and planet.