Booklet: Private Ancillary Funds (PAFs) (Chapter 4 – What is a PAF?)
Below is Chapter 4 of our ‘Private Ancillary Funds’ booklet. To read the other chapters of our booklet, click the links below: Chapter 1 – Giving back to the community Chapter 2 – Brief history Chapter 3 – An overview of ancillary funds Chapter 5 – Who can be a trustee of the PAF? Chapter […]
Booklet: Private Ancillary Funds (PAFs) (Chapter 3 – An overview of Ancillary Funds)
Below is Chapter 3 of our ‘Private Ancillary Funds’ booklet. To read the other chapters of our booklet, click the links below: Chapter 1 – Giving back to the community Chapter 2 – Brief history Chapter 4 – What is a PAF? Chapter 5 – Who can be a trustee of the PAF? Chapter 6 […]
Booklet: Private Ancillary Funds (PAFs) (Chapter 2 – Brief history)
Below is Chapter 2 of our ‘Private Ancillary Funds’ booklet. To read the other chapters of our booklet, click the links below: Chapter 1 – Giving back to the community Chapter 3 – An overview of ancillary funds Chapter 4 – What is a PAF? Chapter 5 – Who can be a trustee of the […]
Booklet: Private Ancillary Funds (PAFs) (Chapter 1 – Giving back to the community)
Below is Chapter 1 of our ‘Private Ancillary Funds’ booklet. To read the other chapters of our booklet, click the links below: Chapter 2 – Brief history Chapter 3 – An overview of ancillary funds Chapter 4 – What is a PAF? Chapter 5 – Who can be a trustee of the PAF? Chapter 6 […]
Can a PAF acquire an asset from a founder or other related party?
In summary, a PAF can acquire an asset from the founder (or associate). However, the transaction must be consistent with the PAF’s Investment Strategy and entered into (and maintained) on an arm’s length commercial basis.
What do I need to do to ensure my Private Ancillary Fund remains compliant?
Have you set up a Private Ancillary Fund (PAF) lately? Or are you thinking of setting up a PAF for charitable purposes, potentially endorsing it as a Deductible Gift Recipient? We know you did this (or want to do this) to jump start private philanthropic charitable donations. But now comes the tricky part: the rules, regulations, and ongoing obligations surrounding your PAF’s operation.
When the Partnership Bubble Bursts: What happens if I want to continue operating the business post-dissolution?
Much like a divorce, the dissolution of a business partnership can be unexpected and difficult to manage. We have written before about what happens when someone leaves a partnership. This article goes into a bit more depth about what happens if you wish to continue operating the business after your business partner leaves.
The first actions you need to take if you have been appointed to manage your family’s charitable foundation or a Private Ancillary Fund
If you have been newly appointed to manage a Private Ancillary Fund, you may feel overwhelmed or unsure what you need to do first. You do not want to get bogged down in administration when real objective is to make a positive impact on your community. We have put together a simple list of the first actions you need to take to make sure you start on the right foot.