Public ancillary fund

9 MAR

A public ancillary fund is a communal philanthropic structure established by a will or trust deed for the purpose of making distributions to DGRs that are not ancillary funds. Public ancillary funds are a DGR and eligible for income tax exemptions. There is a compilation of the Public Ancillary Fund Guidelines 2011 that shows the text of the law as amended and in force on 12 June 2020 (the compilation date).

https://www.legislation.gov.au/Details/F2020C00520 or see the ATO information https://www.ato.gov.au/Non-profit/Getting-started/In-detail/Types-of-DGRs/Public-ancillary-funds/

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