Category Archives: Philanthropy

Welcome to the new Margarete Ainsworth Building

After many months of construction, not to mention anticipation, we have officially opened the new Margarete Ainsworth Building at NeuRA (Neuroscience Research Australia). We were lucky enough to host Federal Minister for Health and Minister for Medical Research, Tanya Plibersek MP and NSW State Minister for Health and Minister for Medical Research, Jillian Skinner MP, as well as philanthropist Margarete […]

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Why have Australians given billions to establish private foundations?

Since 2001, the Australian government has enabled donors to create a simple form of private foundation now called the Private Ancillary Fund (previously, a private prescribed fund). These funds are “ancillary” because they exist only to support charities like NeuRA. Put simply, they are family-style trusts. They only distribute their income to deductible gift recipient charities, and they must distribute […]

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