Coutts has launched a new initiative, Coutts Collective making it easier for clients to donate to charity.
Supported by Charities Trust, the scheme allows clients to give to causes that support social and environmental issues.
By donating collectively, clients can make a bigger difference to the causes they care about and be confident that Coutts has carried out all necessary checks on the charities. In addition, 100% of all donations are received by the charities.
The partner charities included in the first phase are The Prince’s Trust, Future Frontiers and Ocean Generation. Through advocating the cause of young people and the environment respectively, these partnerships have been carefully considered as aligning to Coutts’ values as a B Corp. The aim is to partner with further charities in the future, allowing clients to support a wider range of issues.
Clients will be able to donate between £1,000 – £50,000 to one or all charities in the same way they would make any other payment, such as online or over-the-phone.
By donating through Coutts Collective, clients will have access to specific charity programmes that are not available to the public. Those choosing to make regular or larger donations will also be able to be involved in additional opportunities such as visits to projects being run by the charity.
Victoria Papworth, Director, Coutts Family Office, said: “Philanthropy has always been at the heart of Coutts and is part of the bank’s long history. Setting up this initiative means we’re helping clients to support the causes that align with the purpose of our bank.
“Many of our clients are keen to give to causes that align with their personal values. With so many charities to choose from, it can be a difficult and time-consuming task to select and vet each individual charity. We support many clients with their charitable giving, acting as a sounding board and helping them to make the most impact with their donations.
“This new shared-giving initiative aims to make it easier for clients to get started on their philanthropic journey. We can draw on the power of collective giving and support charities in a more cost-effective manner, offering our specialist philanthropy support to more clients.”
