Cost-Effective Alternatives for Foreign Charitable Giving

Conflicts and wars, natural disasters, and shortages of natural resources have always created worldwide suffering. While exact numbers are unknown, the pandemic has had a significant impact on global poverty, moving an estimated 49 million people into extreme poverty. The situation has put a tremendous strain on nonprofit organizations that provide support for those populations. 

Simultaneously, pandemic-induced shutdowns have hampered fundraising efforts for many organizations. Most charities worldwide have seen a decrease in funding while dealing with an increase in operational costs. McKinsey & Company offers a more optimistic view, referring to it as a ‘transformative moment for philanthropy,’ citing the more than $10 billion donated by major philanthropists by May 2020.

There’s no question that the nearly half a billion people facing extreme poverty and the organizations that serve them need to rely on the generosity of donors now, more than ever. However, cross-border giving can be complicated by regulations and restrictions.

Fee Structure Comparison 

Several donor-advised funds administer international contributions. CAF American, for example, promotes a Friend’s Fund for foreign charities. A side-by-side cost comparison of the CAF American Friends Fund demonstrates the significant savings of a TrustBridge Global Charity Fund. International donations made with a TrustBridge Global Charity Fund deliver more of your money to the charity, so more of your contributions can make a difference in the world.

The TrustBridge Global Model

TrustBridge Global provides a centralized charitable account to donors, allowing them to make charitable contributions, receive an immediate tax deduction, and then recommend grants from the fund over time. TrustBridge Global performs all due diligence ensuring that international contributions comply with a county’s rules and regulations and meet with donor fund guidelines of local charity statutes.

Donations to a contributor’s funds can be made via cash, cash equivalents, securities, or various other assets, enabling the donor’s selected charity to accumulate funds before drawing them down to their bank account. As a fiscal sponsor, TrustBridge Global ensures expenditure responsibility and equivalency determinations for all donations. TrustBridge is recognized as a sponsoring organization of DAFs and a public charity. In Switzerland, it’s structured as a charitable organization at the cantonal and federal levels. 

Safe Fund Distribution

As part of a global network, TrustBridge Global can assure your funds are dispersed where they can make a meaningful difference, even change the world. Our partnership with UBS, the largest bank in the world, ensures that your contributions are secure. 

Become a Global Citizen

The world is a complex web of interconnected entities and people, and our choices and actions can have repercussions for people and communities locally, nationally, or internationally. As we witness the world being ravaged by the coronavirus, it laid bare our vulnerability. People and nations worldwide are experiencing a sense of camaraderie, even a shared identity, albeit through adverse circumstances. We’re united in the common struggle, as individuals and their communities fighting to survive against COVID-19.

Your contributions can help save people from extreme poverty, providing food, clothing, healthcare, and education opportunities. Maximize your efforts with a TrustBridge Charity Fund.