You may wish to give back to the community through a series of donations over several years.  If so, consider the everlasting benefits you could generate through a foundation that operates in perpetuity.

The Federal Government introduced Prescribed Private Funds in November 1999 to encourage private individuals, families and businesses to establish charitable foundations of their own. In July 2009, changes were made to the regulation of Prescribed Private Funds and they were renamed Private Ancillary Funds by the Australian Taxation Office.  Private Ancillary Funds are similar to the popular Endowment Funds that operate in the United States.

You can build the investment portfolio of your fund over a number of years by making tax deductible contributions.  The giving program commences during your lifetime so that you have the pleasure of seeing the benefits, but can also continue beyond your death as a perpetual foundation or memorial.  You can use a Private Ancillary Fund to develop a sense of social responsibility within your family; now and in generations to come.

Australian Executor Trustees (AET) specialises in helping clients create and administer their own Private Ancillary Funds. 
 
Our service includes:
• Developing a ‘Distribution Strategy’ in which you
   - describe the donations you expect the fund to  receive, and
   - indicate the institutions most likely to benefit from annual distributions by the fund
• Arranging preparation of the Trust Deed
• Obtaining ATO endorsement
• Acting as the trustee on your fund

AET works in partnership with clients and financial advisers in developing and managing Private Ancillary Funds. 

Find out more
An Australian Executor Trustees Estate Planning Specialist can assist you in establishing and administering a Private Ancillary Fund.  For more information contact your financial adviser or call us today on 1800 882 218.