Australia

Give smarter. Make a bigger difference.

Philanthropy enables you to drive positive social change by supporting initiatives that address issues including poverty, education, healthcare and environmental sustainability. It provides many Australians with a deep sense of fulfilment and purpose. When structured correctly, philanthropy also supports you to make donations to the causes you care about in a tax-effective way, so that your giving has the maximum impact on those who need it and can help to reduce your taxable income.

In addition to its direct impact, philanthropy can strengthen your personal and professional networks. As a well-connected organisation, we facilitate introductions and assist to open doors to collaborate with like-minded individuals, businesses, charities and non-profits, enabling you to work with other donors to leverage your influence and resources for even greater collective impact.

Ultimately, philanthropy enables you to leave a lasting legacy, contributing to causes that align with your values and vision for the future.

How can we help?

At William Buck, we work with you to understand your philanthropic vision before providing unique insights into many for-purpose organisations to help maximise the effects of your giving and build a lasting legacy from your philanthropic portfolio.

We assist with establishment of clear philanthropic statements, budgets and the structuring of your portfolio to ensure optimal tax-outcomes and a streamlined process. For many clients, this involves establishing a private ancillary fund or using a public ancillary fund to facilitate their donations, in which case we develop and implement suitable strategies and where a private fund is established, undertake the annual audit of the fund to comply with ATO rulings.

Our team has strong experience establishing tailored family governance frameworks and facilitating successful intergenerational wealth transfers should you wish to introduce your children to philanthropy or educate the next generation on managing your charitable endeavours.

FAQs

What is a Private Ancillary Fund?

A Private Ancillary Fund or PAF is a trust structure established by a family or group of like-minded people that offers an effective and strategic way to give charitably. A PAF is established via a trust deed with a corporate trustee and has an Australian Business Number.

As a donor, every dollar donated to the PAF is deductible to you at your marginal tax rate and deductions can be spread over a five-year period, assisting you to offset or reduce a large capital gains tax liability. The money donated to the fund remains tax exempt which assists in general investment capital and the longevity of the fund.

What is the difference between a Private Ancillary Fund and a Public Ancillary Fund?

Public Ancillary Funds must ask for donations from the public whereas Private Ancillary Funds are only able to receive donations from their founders or relatives and associates of the founders. The fund must distribute at least 5% of the market value of its net assets to a deductible recipient each year with the exception of the first year the fund is established.

Philanthropy Specialists

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