22nd March 2024
Leading wealth management industry participant, Prism the Gift Fund has been selected as a winner in the ‘Philanthropy Offering/Initiative of the Year’ category at The WealthBriefing European Awards 2024.
The annual WealthBriefing European Awards programme recognises the most innovative and exceptional firms, teams and individuals. The awards have been designed to showcase outstanding organisations grouped by specialism and geography which the prestigious panel of independent judges deemed to have ‘demonstrated innovation and excellence during the last year’.
Each of these categories is highly contested and is subject to a rigorous process before the ultimate winner is selected by the judges. It is this process that makes WealthBriefing awards so prized amongst winners.
The WealthBriefing European Awards are part of a global programme run by WealthBriefing, and its sister publications WealthBriefingAsia and Family Wealth Report, encompassing all of the world’s major wealth management centres.
Participants around the world recognise that winning awards is particularly important in these challenging times as it gives clients reassurance in the solidity and sustainability of the winner’s business and operating model.
Commenting on the charity’s triumph, Anna Josse, CEO and Co-founder, Prism the Gift Fund said:
“It is such an honour to be recognised for continued work in the Philanthropy space. Our mission has always been driven by the ability to create effic
iencies in the sector to ensure that those who are giving to charity give more and those who are yet to start their philanthropy journey begin today.”
Stephen Harris, ClearView Financial Media’s CEO, and publisher of WealthBriefing, was first to extend his congratulations to all winners and highly commended companies. “Every winning entrant has been subjected to a rigorous and independent judging process and should be rightly proud of the success they have achieved this year.”
“This year we have seen a marked increase in entrants and interest in all our global awards programmes and the WealthBriefing Swiss Awards is no exception. These awards give organisations and individuals the opportunity to clarify their strategic thinking, have it independently validated, be recognized internally and externally and to celebrate in style with their peers.”
“I offer my congratulations and best wishes for the future to all winners and highly commended firms – they are all worthy recipients who join the prestigious list of wealth management professionals who form the global elite of WealthBriefing winners.”
Winners and highly commended companies were announced on the 21 March 2024.
For media enquiries, journalists should contact:
Name: Adiva Kalms
Title: Deputy CEO
Company: Prism the Gift Fund
Telephone number/s 44 (0) 20 7486 7760
NOTES TO EDITORS
1. About Finalist Company
Prism the Gift Fund (Prism) is a UK registered charity (Charity No: 1099682) which administers the giving of individuals, corporates, foundations and groups of donors making significant gifts to charities all over the world. Our mission is to increase the flow of funds into the charitable sector by creating efficiencies through two core service offerings: Donor Advised Funds (DAFs) and Collective Funds (CFs).
Structurally, Prism is one charity with multiple restricted funds operated on behalf of DAF or Collective Fund clients. Prism also provides Foundation Administration for registered charities. Since inception, Prism has received donation income of over £700m and distributed c.£400m to charities, not for profits and social enterprises all over the world.
Prism has an ethos of offering a bespoke client service which is personal, efficient and swift. This combined with the high level of compliance that Prism offers and is well known for, allows donors to have peace of mind.
Donor Advised Fund (DAF) Service to High-Net-Worth individuals and families who channel their philanthropy through Prism as a time, cost, and tax-effective alternative to setting up a grant making foundation.
Prism makes giving easy with a DAF, an “Own-Name foundation” into which donors can gift cash, shares, property, cryptocurrency and art; all of which come with associated tax reliefs. Prism also provides tax-effective offshore and US services to donors where it may be applicable. Having made a contribution to their DAF, the donor then contacts their dedicated Relationship Manager at Prism to make a donation to a charitable cause anywhere in the world. Prism takes responsibility for the governance, compliance and due diligence of donations, enabling donors to focus on the causes that matter to them.
Collective Fund (CF) Providing charitable, finance and governance infrastructure to groups who want to run charitable projects. Prism provides its charity status, charitable expertise and administration.
This is a unique model enabling individuals and groups who are raising funds for a specific charitable cause to create a collective fundraising pot swiftly. This model helps groups to focus on the cause while their relationship manager at Prism provides the administration, compliance and governance removing the obstacles involved with setting up a standalone charity. These groups can claim gift aid on eligible donations, and Prism is able to distribute the funds making payments to support their charitable objectives in the UK or overseas.
