Charitable Trusts
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 Palani & Associates 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.
As a continuing client over the past 15 years we have no hesitation in recommending Palani & Associates.
Ramiah and staff have always provided prompt, courteous, cost effective service particularly when assistance and advice has been urgently required.
Over the years they have been honest and forthright in their calculation and advice of the ever changing financial climate achieving the best outcome possible for clients.
We have appreciated that they keep up to date by attending conferences and seminars providing clients with up to date information through newsletters, emails and reviews thus keeping clients abreast of current financial situations.
Margaret & Brenton
