BY CHLOE MARKS PAFs are on the rise A Private Ancillary Fund (PAF) is increasingly becoming a popular tax-effective way to structure philanthropy and create a philanthropic legacy. To establish a PAF, an initial contribution of $1 million or more is recommended, and PAFs cannot accept contributions from the public, unlike Public Ancillary Funds (PuAFs); […]
The PAFs of Australia’s Richest People Read More »
BY CHLOE MARKS We acknowledge the Torres Strait Islander & Aboriginal people who are the traditional custodians of the lands and waters of Australia and we appreciate their culture of sharing which is the root and branch of philanthropy. Private Ancillary Funds (PAFs) and Public Ancillary Funds (PuAFs) are an important — yet, largely untapped — source of funding for nonprofit organisations in Australia, and our PafGUIDE® is the only comprehensive
Australian Indigenous Funders: 6 Funds Open to Applications Read More »
BY CHLOE MARKS You know their name, age, occupation, sector, and wealth thanks to AFR’s 2021 Young Rich List, but do you know that a percentage of this wealth might be going into a Private Ancillary Fund (PAF) or a Public Ancillary Fund (PuAF)? AskRIGHT research has revealed that a handful of the wealthiest people
The Young Rich & Their Ancillary Funds Read More »
BY CHLOE MARKS Last April, as the charity sector started to feel the impact of the COVID-19 pandemic on services and fundraising, JBWere released ‘Where to from here? The outlook for philanthropy during COVID-19‘. The report used past trends to estimate the effect of a global health and economic crisis across the main types of philanthropy in Australia, including Private Ancillary Funds (PAFs): One of the
A Closer Look at PAFs Established in 2020: Part 2 Read More »
BY CHLOE MARKS Last April, as the charity sector started to feel the impact of the COVID-19 pandemic on services and fundraising, JBWere released ‘Where to from here? The outlook for philanthropy during COVID-19‘. The report used past trends to estimate the effect of a global health and economic crisis across the main types of philanthropy in Australia, including Private Ancillary Funds (PAFs): One of the
A Closer Look at PAFs Established in 2020: Part 1 Read More »
Public and Private Ancillary Funds David Ward (Technical Director, Australian Philanthropic Services) is considered a leading authority on ancillary funds and is the author of Philanthropy Australia’s Trustee Handbooks for both Private and Public Ancillary Funds. Although one of the most popular philanthropic structures, a private ancillary fund (PAF) is not the only choice for
Understanding Private and Public Ancillary Funds Read More »
During this current COVID-19 crisis, several media reports suggested that more people were writing or updating their wills as a result of the crisis. AskRIGHT reached out to two major Australian law firms to gain information that would help clarify whether in fact more people are reviewing their wills and what impact this may have on charitable bequests.
Bequests In A Time of Crisis: Preparation Is Key Read More »
Did you know Private and Public Ancillary Funds (PAFs & PuAFs) hold more than $11 billion in assets? Learn about how your charity can access these funds. Read Part 1 here. WHY ARE ANCILLARY FUNDS ESTABLISHED? Ancillary Funds are established primarily to claim tax deductibility for donations made to organisations that have deductible gift recipient (DGR) status, i.e. charitable organisations
How To Access Ancillary Funds: Part 2 Read More »
Did you know Private and Public Ancillary Funds (PAFs & PuAFs) hold more than $11 billion in assets? Learn about how your charity can access these funds. WHAT ARE ANCILLARY FUNDS? Ancillary Funds are trust instruments established by individuals, families, or business for the purpose of making tax deductible donations to entities with Item 1 Deductible Gift Recipient (DGR) status. There are more than 1,920
How To Access Ancillary Funds: Part 1 Read More »
You’re the Head of Fundraising at your organisation and a Subscriber to the PafGUIDE®. When you log in to the database, there are over 2,700 active entries of Private Ancillary Funds (PAFs) and Public Ancillary Funds (PuAFs). Each entry represents a potential opportunity to secure funding for your organisation, but it is important to take the following into
What Heads of Fundraising Need to Know about PAFs & PuAFs Read More »
Private Ancillary Funds are fast becoming one of the major giving vehicles within Australia, with $800 million in giving predicted for 2018 according to JBWere’s Shamal Dass. For a Non-Profit DGR 1 organisation, PAFs are a giving mechanism that simply cannot be ignored. One of the major frustrations for non-profit organisations looking to engage with
Simple Steps to Achieving Success With PAFs Read More »