Public Ancillary Funds (PuAF's)
A Public Ancillary Fund collects tax deductible donations from the public for distribution to item 1 DGR's.
A PuAF is also endorsed by the ATO as a DGR and TCC.
Donations are normally (depending on the service provider) credited to an individual management account within the PuAF.
Factors to consider when considering a PuAF;
- Is this the right structure for you
- Requirements needed to establish a PuAF
- Ongoing administration
- Investment management