PAFs – Private Ancillary Funds – are the fastest growing segment of giving and are are rapidly changing the landscape of Philanthropy in Australia.
At the end of the last financial year there are almost 1,200 Private Ancillary Funds (PAFs) in Australia with a combined fund of $3 billion and annual distributions of $165 million. That is equivalent to 14% of total tax deductible giving, according to Philanthropy Australia.