A philanthropic action can be one-off or long-term. Similarly, it may concern a limited or very significant financial volume, in absolute or relative terms, i.e. in proportion to the assets. It can imply a strong personal involvement of the philanthropist with regard to the action carried out and/or be the object of a total delegation of the selected non-profit organization.
In all cases, the philanthropist must establish a strategy, which is accompanied by a prioritization of the objectives to be achieved:
- by integrating the instruments, the assets, but also the constraints of the legal environment in a French civil law context, particularly in the presence of forced heirs
- by taking advantage of the tax environment created by the legislator or by practice
- depending on the ressources of one’s own estate.
In this study, Sophie GONSARD, Althémis Le Vésinet notaire, presents examples in which wealth engineering is used to support a philanthropic strategy and, where appropriate, to help it evolve.
This study is only available in French.