Prescribed Private Funds

Based on recommendations from the Prime Minister’s Community Business Partnership, the Australian Government has introduced a number of tax initiatives since 1999 to facilitate higher levels of giving by business and the community.

One of these tax provisions enables individuals, families and business to establish prescribed private funds (PPFs), similar to the United States family foundation model, to which 100 per cent tax deductible donations can be made in the form of money, shares or property. The number of PPFs is growing rapidly as it provides for money or assets to be invested for future distribution to deductible gift recipient (DGR) organisations.

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