Public Ancillary Funds

If you lack the time, inclination or money to create a private ancillary fund (PAF), you can set up a sub-fund of a public ancillary fund (PuAF).

Public ancillary funds are common structures for community organisations and fundraising bodies. In contrast to a private ancillary fund, a public ancillary fund must raise money from the public and be under the control of members of the public who meet certain criteria that demonstrate that they are responsible persons.

A public ancillary fund can only distribute money to a body that has deductible gift recipient (DGR) status.

For more information about private or public ancillary funds, speak to your financial advisor or contact the Australian Taxation Office.