Adviser/Client Giving Guide |
1. This Giving Guide assists Advisers and Clients to talk about their giving!
This guide can be worked through together with your client/family or completed separately by your client and then discussed with you. The guide asks the client about their current giving and based upon their responses, the guide provides suggestions and links on possible next steps in relation to giving and how to be more effective.
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*The Giving Guide is general in nature and all users are advised to seek further independent advice. The Giving Guide provides links to external agencies and whilst every endeavour is made to ensure the relevance and quality of these links - we are not responsible for the information contained in these links.
To move to next question - please click NEXT.
To go back - please click PREV.
Let's begin!
*The Giving Guide is general in nature and all users are advised to seek further independent advice. The Giving Guide provides links to external agencies and whilst every endeavour is made to ensure the relevance and quality of these links - we are not responsible for the information contained in these links.
Useful Definitions:
Collective Giving: Collective Giving (Giving Circles) involves the coming together of individuals to jointly fund social change. In addition to the benefits of networking and peer support, the ability to scale up the impact of each individual’s contribution is incredibly powerful.
Private Ancillary Fund (PAF): Formerly known as Prescribed Private Funds [PPFs], Private Ancillary Funds (PAFs) are a tax deductible private foundation for individuals, families and companies.
Public Ancillary Fund (PuAF): Public Ancillary Fund is a tax deductible fund for public fundraising that cannot be controlled by
one family.
Sub-Fund: A Sub-Fund can be created under PuAF with a separate trust deed and trustees can advise the PuAF where they wish to distribute their funds. The PuAF makes all decisions regarding the investment of the funds.
Testamentary Charitable Trust: A testamentary charitable trust is established by a will with a charitable purpose. While it can be income tax exempt, donations to it are not tax deductible.
Corpus: The original and consequential gifts and ongoing capital appreciation that forms the asset base from which a foundation generates income to be given away in grants.
Foundation: The word ‘foundation’ does not have a legal meaning, but is generally used to refer to an entity, usually a trust, which holds and invests money, and distributes grants for community benefit.
This Guide has been developed for Philanthropy Australia by Giving Connect.
Private Ancillary Fund (PAF): Formerly known as Prescribed Private Funds [PPFs], Private Ancillary Funds (PAFs) are a tax deductible private foundation for individuals, families and companies.
Public Ancillary Fund (PuAF): Public Ancillary Fund is a tax deductible fund for public fundraising that cannot be controlled by
one family.
Sub-Fund: A Sub-Fund can be created under PuAF with a separate trust deed and trustees can advise the PuAF where they wish to distribute their funds. The PuAF makes all decisions regarding the investment of the funds.
Testamentary Charitable Trust: A testamentary charitable trust is established by a will with a charitable purpose. While it can be income tax exempt, donations to it are not tax deductible.
Corpus: The original and consequential gifts and ongoing capital appreciation that forms the asset base from which a foundation generates income to be given away in grants.
Foundation: The word ‘foundation’ does not have a legal meaning, but is generally used to refer to an entity, usually a trust, which holds and invests money, and distributes grants for community benefit.
This Guide has been developed for Philanthropy Australia by Giving Connect.