Find below a short interview with SharedImpact's founder and learn more about this initiative:
Please, could you tell us how SharedImpact is creating impact through its products and services?
SharedImpact enables wealthy individuals and families to manage their philanthropic capital in new ways around the world. We are the first global Donor-Advised Fund (DAF) with a unified charity tax structure that seamlessly connects the UK, United States and Hong Kong. You can think of us as a philanthropic investment fund. This means that donors through SharedImpact can make grants or impact investments anywhere in the world - and still claim their in-country charitable tax deductions. For example, a UK donor can make a grant to a US charity through SharedImpact - and claim Gift Aid on this. Or a US expat living in London can use SharedImpact to claim both their US tax deduction and UK Gift Aid on the same donation because SharedImpact has a dual-qualified tax structure that is recognised by both the US and UK tax authorities.
Philanthropic Impact Investment is using charitable donations as investments into organisations and companies to create positive social or environmental impact together with a financial return. This double bottom-line concept - fiscal and impact accounting - creates dynamic solutions to many problems with better long-term development than traditional giving.
Can we say that SharedImpact is pioneering a new type of financial institution for philanthropists around the world?
Yes - SharedImpact is unique in being a global network of charities created to foster social impact investment by making it easier for donors, investors and charitable organisations to connect, give and receive donations. We do this by having a presence in key financial hubs around the world (London, New York and Hong Kong), by using the SharedImpact platform to manage donations and to showcase impact investment opportunities, and by providing platform-based fundraising services. We curate a platform of impact investment opportunities that is integrated with an online DAF account system to make your life as a donor easier.
Finally, if I want to be part of this impact, what should I do?
You can open an account with us at any time - and there are no minimum amounts! If you are interested in joining our team, please see www.sharedimpact.org/recruitment for the latest details.