Note that using a trust has downsides. With a trust, I would recommend only funding individuals and non-charities with extreme caution.
Could you elaborate on this? I’m interested in setting up a trust to do microgrants, taking advantage of the fact that I can tolerate greater risks with my own money than an EA org (I’d also be happy to let other people use the trust as a vehicle for that). The main disadvantage of trusts I’m aware of is that trustees are personally liable, but that doesn’t seem like a big risk if it’s just making grants.
Trustees being personally liable was the thing I was thinking of.
If you fund individuals (i.e. people working who aren’t part of an incorporated entity) then I’m not sure how exposed you would be to the risk that the law would treat you as a de facto employer of that person. (It may be fine, it’s just something that I don’t know).
The Charity Commission is generally nervous about charitable entities sending money to non-charities, but does not forbid it. There is a Charity Commission guidance note about this somewhere on the internet.
Could you elaborate on this? I’m interested in setting up a trust to do microgrants, taking advantage of the fact that I can tolerate greater risks with my own money than an EA org (I’d also be happy to let other people use the trust as a vehicle for that). The main disadvantage of trusts I’m aware of is that trustees are personally liable, but that doesn’t seem like a big risk if it’s just making grants.
Trustees being personally liable was the thing I was thinking of.
If you fund individuals (i.e. people working who aren’t part of an incorporated entity) then I’m not sure how exposed you would be to the risk that the law would treat you as a de facto employer of that person. (It may be fine, it’s just something that I don’t know).
The Charity Commission is generally nervous about charitable entities sending money to non-charities, but does not forbid it. There is a Charity Commission guidance note about this somewhere on the internet.
Thanks! For anyone else reading this, this guidance seems relevant.