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A Private Ancillary Fund (PAF) is an excellent vehicle if you are interested in establishing a standalone charitable foundation and responsibility and oversight of its operations, including the investment strategy. A PAF allows you to support charities or causes that are important to you and your family or business.

We can establish and administer the PAF for you, ensuring it complies with all statutory, reporting and distribution requirements. Our in-house investment management team have the expertise to ensure funds are invested prudently and responsibly at all times. Alternativly, we’re happy to work in consultation with your external investment adviser if your prefer.

Case study

The Judith Jane Maseon & Harold Stannet Williams Memorial Foundation

When Judith Jane Mason came to us in 2003 to establish a philanthropic trust she was motivated by two things. One was her own life experience of living with Myalgic Encephalomyelitis/Chronic Fatigue Syndrome (ME/CFS). The other was to honour ‘a most intelligent, wonderful and charitable man’ – her adored father.

When Judith died in 2013 she left behind The Judith Jane Mason & Harold Stannett Williams Memorial Foundation, along with instructions to direct its income to funding medical research into ME/CFS and Alzheimer’s disease. It is now valued in excess of $30 million and distributes more than $1.5 million annually.