My Cause Gift Fund (MCGF) ABN 43 106 238 101 is a DGR Public Ancillary Fund (PuAF)
Ancillary funds are special funds that provide a link between people who want to give ('donors') and organisations that can receive tax deductible donations as deductible gift recipients (DGRs). Ancillary funds are set up for the purpose of providing money, property or benefits to DGRs.
There are two types of ancillary funds that fall within a DGR category:
- private ancillary funds, and
- public ancillary funds.
My Cause Gift Fund (MCGF) is partnered with mycause.com.au to enable funds to be collected and receipted with a tax-deductible receipt quickly and efficiently. All funds are then disbursed to the specific DGR charity or charities.
This structure is used for mycause Portfolio Giving and other functions where donors want their gift split among multiple beneficiaries.
The trustees will always disburse funds to the nominated cause, however in the case that that is not possible, the funds will be disbursed to a DGR charity at the trustee's discretion.