View our table to find out which philanthropic structure is right for you.
|Private ancillary fund||An AET Foundation account||Testamentary charitable trust|
|Is your contribution tax-deductible?||Yes, you can offset 100% of the value of your donation against your taxable income||Yes, you can offset 100% of the value of your donation against your taxable income||No, but the assets held by your foundation are tax exempt|
|What is the minimum amount you need to establish your account or foundation?||$500,000||$50,000||Your estate planner will provide guidance|
|How long will it take to establish your account or foundation?||6-8 weeks||48 hours||When your estate is granted probate, AET will establish your charitable trust|
|How much do you have to distribute to charity each year?||5% of the net value of your PAF (at 30 June of the preceding financial year) or $11,000 – whichever is greater||4% of the net value of your account annually||You can determine if you want income, and/or capital from your trust distributed to charity|
|Which charities can you support?||Eligible charities need to be Item 1 Deductible Gift Recipients||Eligible charities need to be Item 1 Deductible Gift Recipients||Your trust can support a range of charitable purposes|
|How are the underlying assets invested?||Your PAF’s assets need to be invested prudently. You or your financial adviser can determine the strategy and underlying investments||An AET investment adviser will select a low-cost managed fund aligned to the AET Foundation’s investment strategy||Your trust’s assets need to be invested prudently. You or your investment adviser can determine the strategy and underlying investments|