Introduction to
PRIVATE ANCILLARY FUNDS (PAFS)
What is a PAF?
A PAF is a charitable trust that enables individuals, families or associations with a tax effective structure to invest for philanthropic purposes.
Our Experience with PAFs
Downing & Lindner Accountants have first-hand knowledge and experience in helping establish and operate PAFs so you can leave the paperwork to us while you focus on where you want to see the most impact from your donations.
Tax Deductible
Gifts are made into the PAF and are generally tax-deductible when made. The funds are then managed and distributions are made to other deductible gift recipients in accordance with minimum distribution requirements.
WHY USE A PAF?
- A tax-effective way of giving
- Enable you to give now but decide who receive the benefits in the future
- Provide sustainable funds to charities that enable a greater impact in the long-term
- Through sound investment you can amplify the impact on charities
- Leave a legacy of giving for the next generation
ANNUAL OBLIGATIONS WE ASSIST WITH
- Preparation of financial statements and annual audit
- Lodgement of tax return
- Responsible person requirements met
- Submission of Annual Information Statement to ACNC
- Updating investment strategy in conjunction with your trusted financial advisor
- Ensuring minimum distribution requirements are met
FIRST STEPS
