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A growing number of family groups, having provided for their immediate needs, are looking to donate part of their personal fortune to charitable trusts.
Philanthropic Trusts or Prescribed Ancillary Funds (PAFs) are highly tax effective vehicles, purpose built for charitable giving. PAFs enable families, individuals or companies to establish a capital base from which income can be generated in a tax-exempt environment. Beyond the clear tax advantages, PAFs give families full control of their charitable giving, without the pressure of making rushed decisions at 'tax time'. In addition, by controlling philanthropic activities through a trust structure, families can instil a giving 'ethos' in successive generations.
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