The first actions you need to take if you have been appointed to manage your family’s charitable foundation or a Private Ancillary Fund

The first actions you need to take if you have been appointed to manage your family’s charitable foundation or a Private Ancillary Fund

If you have been newly appointed to manage a Private Ancillary Fund, you may feel overwhelmed or unsure what you need to do first. You do not want to get bogged down in administration when real objective is to make a positive impact on your community. We have put together a simple list of the first actions you need to take to make sure you start on the right foot.

Our answers to your top 5 questions about Private Ancillary Funds

Our answers to your top 5 questions about Private Ancillary Funds

Do you want to be more strategic in your charitable giving, make a real impact on the community and create a lasting legacy as part of your family’s story? Private Ancillary Funds (PAFs) can be a great option to achieve these goals. To help you decided whether PAF is right for you, we’ve pulled together our answers to 5 questions we are frequently asked by those considering establishing a PAF.

5 things to consider when preparing or updating your incorporated association’s rules

5 things to consider when preparing or updating your incorporated association’s rules

If you are involved with an incorporated association or considering setting one up, then chances are you have come across the term ‘model rules’.
Did you know that you do not have to use the model rules? Incorporated associations can choose to write their own rules.
Here are 5 things to consider when preparing or updating your incorporated association’s rules.

What do I need to know about setting up a Public (or Private) Ancillary Fund?

What do I need to know about setting up a Public (or Private) Ancillary Fund?

An ‘Ancillary Fund’ is a special type of trust that can be used to collect and distribute donations for charitable purposes. The Fund can be set up through a trust deed while you are alive, or through your Will. Importantly, the Fund does not undertake charitable work itself, but can be used as a collection point to pool donations and then distribute them to charities and causes, as decided by the trustees.

I’m setting up a not-for-profit organisation. What’s the best structure to use?

I’m setting up a not-for-profit organisation. What’s the best structure to use?

We are commonly asked what’s the best structure to use when setting up a new charity or other ‘not-for-profit’ (NFP) organisation. While incorporated associations and public companies limited by guarantee are often suitable, they are not the only options, and there is no easy ‘one size fits all’ answer.