Community foundations offer solutions for clients

Born and brought up in a deprived area of Leeds, Jimi Heselden donated £10 million to Leeds Community Foundation, solving his year-end tax dilemma and providing him with an effective way to give back to his local community. Heselden wanted to put some profits into a charitable trust. But time was tight and it seemed impossible to set one up before the end of the financial year. Other professional advice was discouraging, but then the lawyer chipped in. Within seven days of being contacted, the Leeds Community Foundation had not only established a £10m donor-directed fund for Heselden, but made its first donation to a local cause.

Read interview on guardian.co.uk