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$1.5 billion given away by PAFs since launch

By the end of 2014, Private Ancillary Funds (PAFs) will have distributed more than $1.5 billion to charitable causes since the philanthropic trust structure was established more than 12 years ago, according to a JBWere report on the sector.

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Read more: AustraliaPrivate Ancillary FundsFamily OfficePhilanthropic Services division