BY CHLOE MARKS

 

You know their name, age, occupation, sector, and wealth thanks to AFR’s 2021 Young Rich List, but do you know that a percentage of this wealth might be going into a Private Ancillary Fund (PAF) or a Public Ancillary Fund (PuAF)?

AskRIGHT research has revealed that a handful of the wealthiest people under 40 in Australia have their own PAF or PuAF established for the purpose of charitable giving.

Let’s take a look at the top 5

Have you read ‘A Closer Look at PAFs established in 2020’? Read Part 1 here.

 

1. BEARD FAMILY FOUNDATION

Tah-nee & Simon Beard, Co-Founders of Culture Kings (Retail) – $626 million

  • Private Ancillary Fund established June 2021
  • Funding Areas: Youth
  • Funding Regions: Queensland
  • Full profile available in PafGUIDE here.

 

2. GURNER FOUNDATION TRUST

Tim Gurner, Founder & CEO of Gurner (Property) – $609 million

  • Public Ancillary Fund established November 2020
  • Funding Areas: Climate, Cancer, Bullying, and Inequality
  • Funding Regions: Victoria
  • Full profile available in PafGUIDE here.

 

3. THE SAMUEL AND CLAIRE KROONENBURG FOUNDATION

Sam Kroonenburg, Co-Founder of A Cloud Guru (Education) – $542 million
(combined with Ryan Kroonenburg)

  • Private Ancillary Fund established May 2021
  • Funding Areas: Women and Welfare
  • Funding Regions: Victoria
  • Full profile available in PafGUIDE here.

 

4. DIAMOND FOUNDATION

Larry Diamond, Co-Founder & CEO of Zip Co (Financial Services) – $441 million

  • Private Ancillary Fund established May 2021
  • Funding Areas: Men, Mental Health, and Welfare
  • Funding Regions: New South Wales
  • Full profile available in PafGUIDE here.

 

5. BEN SIMMONS FAMILY FOUNDATION

Ben Simmons, Basketballer (based in US) – $105 million

  • Public Ancillary Fund established May 2019
  • Funding Areas: Youth, Sports, Education, and Technology
  • Funding Regions: Victoria and Internationally
  • Full profile available in PafGUIDE here.

 

WANT TO FIND MORE PAFS?

While a lot of information on these individuals, couples, and families is publicly available, details of their PAFs and PuAFs is very difficult to find and time-consuming to compile, particularly for organisations that need philanthropic support the most!

PafGUIDE® is an online database containing comprehensive and up-to-date information on 1,900+ Private Ancillary Funds and 900+ Public Ancillary Funds. It is the product of over ten years of continued research by the AskRIGHT Research Team and remains the only database of its kind in Australia. Find more funding with PafGUIDE!

Start a 7-day Free Trial (no payment details required) or sign-up for 12 months of full access. Click here.

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