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.