Private Ancillary Funds (PAFs) are philanthropic trust funds that can be set up as a vehicle for private giving.
The statistics reveal that:
“It’s great to see the philanthropic sector continuing to grow, and grow very strongly,” said the Assistant Treasurer Senator Nick Sherry.
Senator Sherry said that the Rudd Government is firmly committed to supporting private charitable initiatives, as indicated by reforms to the regulation of these funds.
“Our reforms boost transparency and improve the confidence of philanthropic givers and charitable and other receivers of funds,” he said.
Legislation giving effect to the reforms took effect from 1 October 2009.
Third Sector acknowledges the traditional custodians of the lands where we live, learn and work. We pay our respects to Elders past, present and emerging.