Philanthropic trusts and social enterprises form an important and growing sector, and collectively provide a significant non-government source of funding to the broader not-for-profit sector.
Philanthropic trusts and other entities have long been established as key partners to many charitable organisations across Australia. Presently, philanthropic organisations are commonly structured as either Ancillary Funds (both public and private) or income tax exempt trusts (charitable trusts).
This is a growing area that combines commercial business operations and furtherance of positive social outcomes. The primary objective of social enterprise is to meet social, environmental and other charitable objectives through the efforts of commercial enterprise.
Appropriate business structuring, accounting and tax considerations are critical for social enterprise and philanthropic organisations. Accordingly, we are uniquely placed to assist organisations in this space to navigate the complexities of tax and charity compliance obligations and reporting.
We have extensive expertise working with charities and not-for-profit organisations as well as commercial businesses. Our knowledge and experience is an invaluable help to many to ensure they meet their statutory requirements.
We would welcome the opportunity to discuss how we could work with you and help achieve your goals.