Publications

Public Ancillary Funds (PuAF) Trustee Handbook

Author: David Ward, Treasurer, Philanthropy Australia

What is now required of trustees of PuAFs, and where the trustee is a company the directors thereof, under the Guidelines and at law. It is not a legal document but a "plain English" introductory guide to the role and duties of the trustee and trustee directors.


From 1 January 2012 philanthropic trusts that are Public Ancillary Funds (PuAFs) are subject to detailed Guidelines; Public Ancillary Funds Guidelines 2011. The changes apply to new and existing (with transition arrangements) Public Ancillary Funds.

This Handbook comments on what is now required of trustees of PuAFs, and where the trustee is a company the directors thereof, under the Guidelines and at law. It is not a legal document but a "plain English" introductory guide to the role and duties of the trustee and trustee directors.

It draws on general information on charitable trust governance contained in the Trustee Handbook: Roles and Duties of Trustees of Charitable Trusts and Foundations, Second Edition published by Philanthropy Australia in 2012; detail about other charitable trust structures can be found in that publication. The Private Ancillary Funds Trustee Handbook 2009 provides guidance specifically for those funds.

 

Who will find it useful?

  • Public Ancillary Funds
  • Community Foundations
  • Sub-funds of Community Foundations
  • Trustees
  • Donors

Published: May. 2012

ISBN: 0 9750639 8 7

Price: Free

Download (PDF)

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