BDO submission - Giving Fund Reforms Discussion Paper

BDO welcomes the opportunity to comment on Treasury’s Giving Fund Reforms Discussion Paper, which explores potential amendments to tax laws affecting private ancillary funds (PAFs). 

Our submission focuses on the proposed increase to the minimum distribution rate for PAFs. While we acknowledge the intent to deliver immediate community benefits, we raise concerns about the long-term sustainability of these funds and the potential impact on donor willingness and smaller community-based charities. 

Key points in our submission include: 

• Risks to the longevity and effectiveness of PAFs 
• The efficiency of PAFs compared to government grant programs 
• The importance of donor intent and community connection 
• Potential negative impacts on future fund creation and charitable contributions. 

Download submission

Contact your local BDO adviser from our not-for-profit team if you would like further information on our submission.