Facebook Icon briefcase Icon Document Icon Owl Icon Rocket LinkedIn Mail Twitter WhatsApp

Setting up a private charitable trust

Trusts are legal structures established to hold and distribute funds according to the legal requirements of the trust’s deed. Unlike some other forms of non-profit organisations, charitable trusts are not established to specifically undertake action to fulfil a purpose, but to distribute funds in a considered way in order to enable other organisations to pursue their purpose. Charitable trusts are often set up through a bequest in a will, but do not have to be. A trusts is established with the investment in the trust of an initial corpus of money that may be held in perpetuity. A certain percentage of the interest on this sum is granted periodically to particular causes, organisations, winners of scholarships or other grant-seekers. In some cases, a trust’s deed or other legal requirements such as wanting to retain tax exempt status may require that the trust only make grants to non-profit organisations or to charities.

Recent News & Articles

Selling on Amazon AU: GST considerations…

With the recent launch of Amazon Australia, many overseas merchants are wondering how the GST system works for imports and sales of low-value goods to Australian consumers through the Amazon...

Read article

SA Land Tax Reform Package Enacted

The South Australian Land Tax (Miscellaneous) Amendment Act 2019 has now been enacted and includes a package of reforms developed by the State Government. Read on...

Read article

IPA Small Business Summit 2019

Thanks for stopping by our sponsor stand at yesterday’s IPA Small Business Summit – it was great to see you. Read on...

Read article