Advice & Education

Categories Advice & Education

Private and Public Ancillary Fund resources

You can use an ancillary fund to help you and your families manage giving effectively.

Private Ancillary Fund (PAF)

Public Ancillary Fund (PuAF)

For assistance with structure set up seek advice from your tax and legal advisor.

 

Private Ancillary Fund

A private ancillary fund is a special type of fund that is specifically designed to encourage private charitable giving. It provides private entities, including business and families, with a flexible way to set up trusts for philanthropic purposes.  With a private ancillary fund you can structure your giving and be more strategic and effective in how, where and what you give.  Family trusts and foundations are forms of ancillary funds.

For more information about private or public ancillary funds, speak to your financial advisor or contact the Australian Taxation Office.

Here are some links you might find helpful.

http://www.ato.gov.au/nonprofit/content.aspx?doc=/content/00275394.htm

http://www.philanthropy.org.au/ancillaryfunds/pafs/

http://australianphilanthropicservices.com.au/our-private-ancillary-fund-service

http://www.perpetual.com.au/philanthropy-private-ancillary-funds.aspx

http://www.anz.com.au/personal/private-bank-trustees/trustees/philanthropy/charity-foundation/

http://www.jbwere.com.au/our-services/wealth-management/philanthropic-services/philanthropic-services-for-individuals-and-families/

 

Public Ancillary Fund

An alternative to a private ancillary fund (PAF) is to set up a sub-fund of a public ancillary fund (PuAF).

Public ancillary funds are common structures for community organisations and fundraising bodies. In contrast to a private ancillary fund, a public ancillary fund must raise money from the public and be under the control of members of the public who meet certain criteria that demonstrate that they are responsible persons.

A public ancillary fund can only distribute money to a body that has deductible gift recipient (DGR) status.

For more information about private or public ancillary funds, speak to your financial advisor or contact the Australian Taxation Office.

Here are some links you might find helpful:

http://www.ato.gov.au/nonprofit/content/00303223.htm

http://www.philanthropy.org.au/ancillaryfunds/puafs/index.html

http://australianphilanthropicservices.com.au/our-public-ancillary-fund-service

http://www.jbwere.com.au/our-services/wealth-management/philanthropic-services/philanthropic-services-for-individuals-and-families/

http://www.anz.com/personal/investing-super/education/contributing-community/establishing-charitable-foundation/