26th June 2025
As more High Net Worth individuals are on the move globally, it’s increasingly common for clients to be liable to pay tax in both UK and US. This dual status can make giving to charity more complex and without the right giving structure in place gifts may not be eligible for full tax relief.
Prism the Gift Fund’s new Dual Qualified Structure resolves this issue by enabling clients to give to charitable causes while benefiting from tax relief in both the UK and the US.
The service was created in response to the growing movement of American philanthropists relocating to the UK.
According to recent data published by the Home Office, the number of Americans applying for UK citizenship in 2024 was the highest on record, marking a 26% year-on-year increase.
What is a Dual Qualified Structure and why does it matter?
A dual qualified structure allows philanthropic individuals and organisations who are both UK and US taxpayers to make charitable donations that qualify for tax benefits in both jurisdictions. For clients with complex tax profiles, this can make the act of giving much more straightforward and stress free.
Prism’s service is working in partnership international fundraising specialist Chapel & York US/UK Foundation.
This means a single donation can be recognised for tax relief by both HMRC and the IRS. The Dual Qualified Structure offers another way of giving which allows individuals to set up an ‘Own Name’ foundation that meets both US/UK tax requirements.
Key benefits for clients:
- Make one donation with dual tax benefits that is eligible under both UK Gift Aid, UK income tax relief and US tax deductions
- Achieve compliance and peace of mind with a fund that fully aligns with HMRC and IRS regulations
- A flexible and efficient bespoke structure which can be established quickly
- Low administration as Prism manages all administrative and governance responsibilities
- Discretion for donors who wish to remain anonymous
For wealth advisers, private client lawyers and tax professionals
Prism’s Dual Qualified Structure Service offers a solution for wealth managers, private client lawyers, and tax advisers who are looking for effective giving strategies for US/UK clients.
This structure will supports clients’ who are
- A UK/US dual taxpayers
- Interested in significant philanthropic giving
- Looking for cost, time and tax-effective cross-border giving
- Would like to avoid the complexities of setting up a foundation
Why work with Prism the Gift Fund?
Prism is a UK charity offering Donor Advised Funds, unique Collective Funds, and philanthropic solutions. We offer a highly bespoke, entrepreneurial, and swift service to individuals, families, groups, and corporates looking to make significant charitable contributions.
Each client benefits from a dedicated Relationship Manager who handles all governance, compliance, due diligence, and financial administration – allowing clients to focus on the joy of giving.
This new service reflects our continued commitment to meeting the needs of global philanthropists and the advisors who support them.
This year we are celebrating our 20th anniversary, raising over $1 billion for good causes and working with innovators and leaders in the philanthropic world.
