Charitable trusts are trusts set up to hold money or assets and carry out activities for the benefit of the community. In Australia, five main types of charitable trusts exist:
- 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 Sashi Veale & Associates we know the practicalities of charitable trusts. We 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 experiences enables us to ensure that your trust is used to effectively reach your charitable goals.
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