The Aged Persons Welfare Foundation (APWF) was created by a Trust Deed dated 12 September 1996 by Jack Stanley Richardson who had a passion for improving the quality of life of aged persons. He established the Foundation with a gift of $11.484 million.
On 26 June 2014 the Trustees resolved to amend the Trust Deed of the Foundation in order to comply with the Public Ancillary Fund guidelines 2011 made under section 426-103 in schedule 1 to the Taxation Administration Act 1953 and to better align the Trust Deed with the latest version of the Public Ancillary Fund model trust deed published by the Australian Taxation Office.
The Trustees also resolved that it was desirable for the Trust to be administered by one corporate trustee and on 19 January 2015 Wesley Nominees Limited (ACN 602 837 221) was appointed as Trustee of the trust in place of the Trustees at that date.
The Directors of the Trustee Company are:
The Corporate Trustee has appointed a Distributions Advisory Committee. The members are:
The APWF (ABN 60 757 756 407) is an Ancillary Fund. It is endorsed as a Deductible Gift Recipient (DGR) covered by Item 2 of the table in Section 30-15 of the Income Tax Assessment Act 1997.
The Trustee holds a trust fund and makes distributions of income on an annual basis in the form of grants. The Trust Deed prohibits the distribution of any of the Capital of the Foundation.
APWF provides grants to eligible charities (registered with the Australian Not for Profits and Charities Commission and having Deductible Gift Recipient Item 1 status).
