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 |
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