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Gift funds - frequently asked questions

 
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Does the existence of a public fund satisfy the gift fund requirement?

No. The existence of a public fund does not necessarily satisfy the gift fund requirement. However, if the public fund only receives gifts or deductible contributions, and the appropriate winding up rules exist, the public fund itself may be the gift fund. In this case there would be no need for a separate gift fund. However, a separate bank account and clear accounting procedures are required for a public fund.

Sections within Setting up a gift fund

Last Modified: Wednesday, 26 August 2009
 
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