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For individuals
For private businesses
For family businesses
There is a growing desire among individuals and companies to give back to the community.
We can help you find the most effective and efficient way of doing that. Intelligent structuring of your philanthropic efforts maximises the good that you can do.
A shared philanthropic vision is a powerful tool for bringing families together. We work with the families behind successful businesses and help them to define their philanthropic goals and how best to achieve them. This conversation is something the whole family can be part of, with PwC on hand to assist in identifying the right type of vehicle or the right way to structure the philanthropic activity, and to make sure everyone feels connected to its aims.
A private ancillary fund (PAF) allows a family to give to a broad range of charitable causes, and the flexibility to shift focus as priorities change. Rather than a one-off donation, a PAF gives families the opportunity to sit down together every year and discuss their values and objectives, ensuring all family members are invested in the vision.
We can act as an advisor to your Ancillary Fund board, providing an independent view point on the Fund and its giving and investment strategies.
Corporate social responsibility programs help define and reflect your company’s identity, foster a positive workplace culture and keep your staff motivated and engaged with the company’s purpose. We assist businesses establish and implement social responsibility strategies which are aligned to the broader commercial strategy and have optimal impact for the not-for-profit sector.
When PwC is advising on the structure for your philanthropic efforts, you can feel secure that the structure you adopt complies with the requirements of the Australian Charities and Not-for-profits Commission and the ATO and that any foundations or funds your name is attached to will have a reputation for integrity and good governance. You know they will be meeting the requirements for tax exempt and deductable gift recipient (DGR) status, even as government policy changes. This allows you to focus on achieving your philanthropic objectives, knowing issues of compliance and regulation are in safe hands.
Part of looking at your family’s financial position on an annual basis involves reviewing your philanthropic structure and how well it’s working. We consider the role of your philanthropic structure as part of your broader wealth and business strategy. Having the optimal vehicle for your efforts allows your philanthropic vision to flourish.
Glen Frost
Laura Purbrick