Straightforward philanthropic solutions
Private and public ancillary funds enable an individual, family or organisation to put aside money in a trust to support charities over the long term. They are an efficient, satisfying and tax effective way to put a structure around your philanthropy.
Receive a tax deduction on your donation now, choose charities to support later
Provide enduring revenue to charities you care about
Invest your charitable funds over the long-term
Create a legacy that lasts beyond your lifetime
Setting up a private ancillary fund (PAF) is easy and cost-effective with APS.
Invest, grow and gift your money to charity with our public ancillary fund.
Once your structure is up and running, we can help you to develop a plan for your charitable giving, suggest organisations that match your interest areas, inspire your kids’ giving or connect you with like-minded philanthropists.
Ancillary funds explained
APS chief executive officer, Antonia Ruffell, gives a brief overview of PAFs and giving funds in this short video.
Not sure which structure is right for you? This handy table will help.
|Feature||Private ancillary fund (PAF) with APS||Giving fund in the APS Foundation|
|How long does it take to get started?||4-6 weeks.||24 hours.|
|How much do I need to get started?||At least $1 million is recommended.||A $50,000 minimum donation.|
|Can I get a tax deduction?||Yes, and it can be spread over five years.|
|Who is the trustee?||You can choose. APS will arrange a special purpose company, for whom you nominate directors to act as trustee.||APS Foundation Pty Ltd.|
|Who are the directors of the trustee?||You can choose. Directors will generally be family members and one independent person (the ‘Responsible Person’).||APS chairman Chris Cuffe AO, technical director David Ward and CEO Antonia Ruffell.|
|Can I have a say in giving decisions?||Yes, as directors of the trustee company you decide.||Yes. You nominate the charities to be supported from your giving fund.|
|Who can receive gifts?||Charities with Deductible Gift Recipient (DGR) Item 1 status.|
|How much has to be distributed each year?||5% of the opening value of the fund each year.||4% of the opening value of your giving fund each year.|
|What ongoing support does APS offer?||All accounting, administration and compliance functions, as well as philanthropic giving support. APS will also run trustee meetings and facilitate the annual audit.||The APS Foundation will take care of everything, so you can focus on choosing the charities you want to support.|
|Who manages the investments?||You choose the investment adviser or you can manage investments yourself.||One diversified, pooled investment strategy, managed by the APS Foundation.|
This information is intended as a guide only.