Booklet: Private Ancillary Funds (PAFs) (Chapter 3 – An overview of Ancillary Funds)

Booklet: Private Ancillary Funds (PAFs)

Below is Chapter 3 of our ‘Private Ancillary Funds’ booklet. To read the other chapters of our booklet, click the links below:

An overview of Ancillary Funds

An Ancillary Fund is a special type of trust that has the sole purpose of providing benefits to registered charities.  The Fund itself does not undertake charitable work, but rather can be used as a collection point to pool donations and then distribute them to charities and causes, at the discretion of the trustee. 

An Ancillary Fund can be: 

  • Public; or  
  • Private. 

The main difference between these two types of Ancillary Funds is how they source income.  A Public Ancillary Fund (a PubAF) must only source its funding from the public. Whereas a Private Ancillary Fund (a PAF) cannot solicit donations from the public; rather, there must be a close relationship between those that establish the fund and those that donate to it. Donors do not need to be related, but they usually share some form of common interest or close relationship.   

The focus of this guide is PAFs.

 

To download a PDF of our booklet, enter your email below.

 

The information contained in this post is current at the date of editing – 26 March 2024.

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