Charitable trusts are set up to hold money or assets and carry out activities for the benefit of the community. Five main types of charitable trusts exist in Australia:
- Australian charitable trust
- General charitable trust
- Prescribed charitable trust
- Deductible gift recipient
- Prescribed private fund
Each type of charitable trust brings with it different requirements and benefits. At Johnstone Haines & Fergusson Pty we know the practicalities of the charitable trusts and so are able to assist you by:
- Preparing the trust deed
- Applying to the ATO for an ABN
- Organising tax exemptions where applicable
Most importantly, our experience enables us to ensure your trust is used to effectively reach your charitable goals.