Prescribed private funds statistics

A prescribed private fund (PPF) is a trust to which businesses, families and individuals can make tax deductible donations. PPFs can only distribute to deductible gift recipients that have been either endorsed by the Tax Office or are listed by name in the income tax law.

This document provides a summary of the donations received and distributions made by PPFs including details of the categories of the deductible gift recipients.

Financial year	Donations received $	Distributions made $	Closing value $	Number approved	Total approved
2001	79,126,203	0	78,615,304	22	22
2002	53,041,569	6,706,975	133,714,806	59	81
2003	53,177,509	18,420,162	179,333,372	51	132
2004	155,657,519	27,458,217	332,015,573	89	221
2005	192,680,639	57,422,265	525,891,748	94	315
2006	348,025,630	74,208,548	849,513,839	125	440
2007	471,711,556	117,072,842	1,234,105,542	159	599
2008				170	769
Total	$1,353,420,624	$301,289,008

Notes to the table The information in these tables will change slightly over time as outstanding returns are keyed in or other information comes to attention. The total number of PPFs approved will not necessarily tally with those listed in regulations as regulations will not necessarily be completed until some time after the approval date (that is, the date the Minister signs the approval). PPFs were not required to complete an information return for the 2001 financial year and were not expected to make any distributions. The 2001 information was provided in the 2002 information return

Distributions by category ($)

	2002	2003	2004	2005	2006	2007	Total
Health	549,141	390,113	1,382,296	2,447,707	5,720,830	6,467,748	16,957,835
Education	851,036	3,451,638	4,234,797	12,596,664	12,222,161	7,719,688	41,075,984
Research	199,800	577,732	1,322,925	598,928	2001,817	1,359,519	6,060,721
Welfare	2,780,203	8,315,269	9,593,833	23,518,609	22,496,753	29,765,976	96,470,643
Defence	0	0	0	0	0	0	0
Environment	176,000	541,253	1,057,177	1,917,820	5,797,762	6,601,412	16,091,424
Industry, trade and design	0	0	0	0	0	0	0
Family	0	0	0	0	5,000	10,000	15,000
International affairs	121,020	417,707	4,008,264	4,872,084	4,831,781	5,876,018	20,126,874
Sports and recreation	0	0	0	0	64,500	41,380	105,880
Philanthropic trusts	0	0	0	0	0	0	0
Cultural organisations	761,345	2,549,380	2,893,616	2,310,460	5,204,626	39,038,865	52,758,291
Fire and emergency organisations	0	0	0	0	0	0	0
Other	1,268,430	2,177,070	2,965,309	9,159,992	15,863,318	20,192,237	51,626,356
Total	6,706,975	18,420,162	27,458,217	57,422,265	74,208,548	117,072,842	301,289,008

Last Modified: Friday, 24 October 2008

Relying on our information - our commitment to you

We are committed to providing you with advice and guidance you can rely on, so we make every effort to ensure that what we give you is correct.

If you follow our advice or guidance and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take.

Some of the advice and guidance on this website applies to a specific financial year. This is clearly marked. Make sure you have the information for the right year before making decisions based on that information.

If you feel that our advice and guidance does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice.

Copyright

© Commonwealth of Australia

This work is copyright. You may download, display, print and reproduce this material in unaltered form only (retaining this notice) for your personal, non-commercial use or use within your organisation. Apart from any use as permitted under the Copyright Act 1968, all other rights are reserved.

Requests for further authorisation should be directed to the Commonwealth Copyright Administration, Copyright Law Branch, Attorney-General’s Department, Robert Garran Offices, National Circuit, BARTON ACT 2600 or posted at http://www.ag.gov.au/cca.