The Master Charitable Trust (MCT) was launched in 2011 and is an innovative donor-advised fund which aims to simplify and encourage our customers in giving and philanthropic activities. As a donor, you can name your own Giving Fund, subject to the Trustee’s approval, make an initial lump sum contribution through cash, shares or other assets and add to it as you wish.
Customers using our Master Charitable Trust have the option to leave funds in cash or choose to potentially increase the funds available to donate in the future by investing them with a third party. Contributions can be increased using Gift Aid benefits, which are processed by the Trustee and the trusts can also claim extra relief for customers who are higher or additional rate tax payers. Donors can also recommend grants to UK charities or for worldwide charitable purposes.
All donations are verified by the Trustee to ensure they meet the charitable purposes criteria. You can also choose to leave a legacy for your Giving Fund by electing a successor. The minimum balance to create a Giving Fund is £250,000 with a minimum single donation of £250.
To view the Hoare family's own giving activities please visit our Golden Bottle Trust page.