The Trustee For Clear Australia Public Ancillary Fund

The Trustee For Clear Australia Public Ancillary Fund is an Australian nonprofit organization established as a Public Ancillary Fund. It operates under the Australian Business Number (ABN) 60471370139RR0001 and is registered with the Australian Charities and Not-for-profits Commission (ACNC)[1][3].

Purpose and Function

The Fund is maintained specifically to provide financial resources, property, or benefits to eligible entities, which typically include charitable organizations and other nonprofit groups. Its core objective is to facilitate and manage donations and grants, thereby supporting charitable activities across Australia[1][2].

Structure

As a Public Ancillary Fund, it functions as a pooled philanthropic vehicle. Donations received by the fund are distributed to various eligible charities and nonprofit organizations in accordance with relevant regulations and the fund's governing rules. Public Ancillary Funds like this one are designed to promote structured and sustained giving programs, providing a transparent and regulated mechanism for philanthropic support[1][4].

Regulation and Governance

The Trustee For Clear Australia Public Ancillary Fund is governed in compliance with Australian legal standards relating to charities and public ancillary funds. Its trustee role ensures that the Fund acts in the best interests of beneficiaries and complies with all applicable fiduciary duties and reporting requirements mandated by the ACNC and other regulatory bodies[2][3][5].

Public Ancillary Funds in Australia

Public Ancillary Funds (PubAFs) such as this one are recognized as an effective means for individuals and organizations to engage in philanthropy. They typically require a corporate trustee and operate under stringent fit and proper person requirements to maintain integrity and accountability in the management and distribution of funds[4][5].

Summary

The Trustee For Clear Australia Public Ancillary Fund serves as a significant philanthropic entity within the Australian nonprofit sector, channeling donations to eligible charitable entities to support a wide range of community and social initiatives. Through its structured governance and adherence to regulatory standards, it contributes to the promotion of charitable giving and social welfare in Australia.

[1] https://www.acnc.gov.au/charity/charities/edf6dc8e-38af-e811-a963-000d3ad24077 [2] https://www.acnc.gov.au/charity/charities/edf6dc8e-38af-e811-a963-000d3ad24077/documents/cf827e89-71df-ef11-a730-0022489758db [3] https://abr.business.gov.au/ABN/View/60471370139 [4] https://betterboards.net/non-profit-fact-sheets/public-ancillary-fund/ [5] https://treasury.gov.au/sites/default/files/2019-03/Trustee_Corporation_of_Australia.pdf