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Giving

Fund or Foundation?

Which giving vehicle is right for me?

  • Build a lasting revenue stream for the causes you care about
  • Make tax-deductible donations before deciding on which charities to support
  • Engage family and friends in your giving
  • Create a lasting legacy for future generations
  • Be part of a thriving community of givers, giving you access to a variety of events and Learning Circles

But there are some differences between the two that will impact your experience of giving. Review the FAQs below to determine which option is best for you.

What are the establishment fees?

Named sub-fund

No establishment fee

Foundation (PAF)

$4,000

How long to get set up?

Named sub-fund

48–72 hours

Foundation (PAF)

4-6 weeks

What is the minimum initial donation?

Named sub-fund

$20,000*

Foundation (PAF)

$1 million is recommended

Are donations tax-deductible?

Named sub-fund

Yes

Foundation (PAF)

Yes

Who can I give to?

Named sub-fund

Funds established under our Main Fund and Scholarship Fund can only give to organisations with Deductible Gift Recipient Item 1 status. Funds established under our Extension Fund can give for all charitable purposes.

Foundation (PAF)

Charities with Deductible Gift Recipient Item 1 status

Who is the trustee?

Named sub-fund

Australian Communities Foundation Limited

Foundation (PAF)

You and the Directors you appoint are responsible for compliance and reporting to regulatory authorities.

Who are the directors of the trustee?

Named sub-fund

Our Board of Directors

Foundation (PAF)

Family members and/or business partners are generally chosen as Directors. One independent person (a responsible person as defined by the ATO) must be appointed.

Who advises on grantmaking?

Named sub-fund

You advise the trustee, Australian Communities Foundation. Our community, advice and events are available if you want to explore and learn more about grantmaking.

Foundation (PAF)

You make the grantmaking decisions. You may choose to purchase our Inspiration package to use our granting expertise as part of your decision-making process.

What are the minimum distribution requirements?

Named sub-fund

No minimum distribution requirements for individual funds. As a public ancillary fund, Australian Communities Foundation must distribute 4% of the opening value of its corpus each year. This is calculated at the consolidated trust fund level, giving you the flexibility you need.

Foundation (PAF)

Yes, 5% of the opening value of the fund each year.

How often do I need to contribute?

Named sub-fund

Contribute as often as you like. There are no legal requirements.

Foundation (PAF)

Contribute as often as you like. There are no legal requirements.

Can the public donate into my fund? Am I allowed to fundraise?

Named sub-fund

Yes

Foundation (PAF)

No

Who manages the investments?

Named sub-fund

We manage your funds in line with our commitment to 100% responsible investing.

Foundation (PAF)

You can nominate an investment adviser or manage the investments yourself. Contact us if you are interested in investment support.

Are the investments tax-exempt?

Named sub-fund

Yes

Foundation (PAF)

Yes

Are franking credits refunded?

Named sub-fund

Yes

Foundation (PAF)

Yes

What costs are associated with maintaining the fund?

Named sub-fund

We charge a small fee for administration and support, and investment management. Review our fees for named sub-funds.

Foundation (PAF)

We offer three packages for private foundations, which are each priced based on the level of support. Review our package fees.

* The minimum establishment amount for a named sub-fund is $20,000. If the sub-fund is being established for fundraising purposes, this minimum establishment amount is waived, provided the fundholder has committed to raising $20,000 within the first year. Alternatively, a Gumnut Account can be established with as little as $2,000.

Ready to start giving?

Establish a fund or foundation with us and join our community of givers.