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 Coomber & Co 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.