Getting to know Private Ancillary Funds (PAFs)

Are you thinking about setting up a Private Ancillary Fund (or ‘PAF‘) as a vehicle for your family’s philanthropic pursuits? Have you just set up a PAF and are now asking yourself “What now?“

Set out below are some handy resources to quickly get you up to speed on the key issues you need to consider, as well as the key milestones you need to work through.

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. Learn more about the key aspects of a PAF:

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

Before establishing a PAF, you are likely to have some questions about whether this is the right structure to support your desire to engage in philanthropy. To help you make an informed decision, we’ve pulled together our answers to the top 5 questions that we get asked by those considering establishing a PAF:

Our answers to your top 5 questions about Private Ancillary Funds

You have just established a charitable foundation or been appointed as a director of a newly registered Private Ancillary Fund (PAF). What now?:

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 recently set up a PAF or have been operating one for a while, you need to know about the long-term rules, obligations, and requirements of having a PAF:

What do I need to do to ensure my Private Ancillary Fund remains compliant?

Visualising what a PAF might look like for yourself and your family can be helpful. View the presentation slides from our recent presentation on Private Ancillary funds here.

For direct hands-on help with setting up and running your PAF, call us on 1300 654 590 or email us.

 

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