Hack Anderson & Thomas Chartered Accountants, Melbourne, Australia
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Our Services
Private Ancillary Funds

Ancillary funds are special funds that provide a link between people who want to give ('donors') and organisations that can receive tax deductible donations as deductible gift recipients (DGRs). Ancillary funds are set up for the purpose of providing money, property or benefits to DGRs.

A Private Ancillary Fund can't solicit donations from the public and In any financial year, the fund must not accept donations totalling more than 20 per cent (in total) of the market value of its assets (determined at the end of the previous financial year) from entities other than:

• a founder of the fund; or

• associates of the founder; or

• employees of the founder; or

• a deceased estate of any of those entities.

At Hack, Anderson & Thomas Chartered Accountants we know the practicalities of Private Ancillary Funds. We are able to assist you by:

  • Assisting with preparing the trust deed
  • Applying to the ATO for an ABN
  • Organising tax exemptions where applicable

Most importantly, our experiences enables us to ensure that your trust is used to effectively reach your charitable goals.

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