Australian Philanthropic Services was the brainchild of Chris Cuffe, himself a founder of a private ancillary fund. While Chris had found the experience of having a private ancillary fund to be highly rewarding, he was frustrated by the lack of awareness of these structures amongst wealthy Australians and their advisers. He decided to take steps to inspire and support more individuals and families to use this structure to manage their giving. In September 2010, what is now known as Australian Philanthropic Services, was born, after originally operating as a division of Social Ventures Australia.
In its short history to date, Australian Philanthropic Services has grown very quickly, proving the need for its services. It is now the leading independent philanthropic services organisation in Australia.
Australian Philanthropic Services Limited (ACN 155 905 829) (APS) was registered under the Corporations Act 2001 as a public company limited by guarantee on 24 February 2012. APS is a not-for-profit company that has been endorsed by the Australian Charities and Not-for-profits Commission (ACNC) as a Tax Concession Charity.
The sole member of APS is Social Ventures Australia Limited (SVA), a not-for-profit organisation helping to increase the impact and build the sustainability of those within the sector. They provide funding and strategic support to carefully selected not-for-profit partners, as well as offering advice to the social sector more broadly, including philanthropists who are endeavouring to be more strategic in their approach to giving.
APS has partnered with a professional administration group, PortfolioGuardian, to streamline the administration and reporting of the structured giving vehicles we administer and to provide state-of-the-art online access for clients. The result is that we are able to administer many private ancillary funds and public ancillary funds using a very efficient and low cost model.