Abstract Private foundations in Australia exist; however, they are not a term of art. While not viewed commercially as entities for other forms of enterprise, foundation is a term used by charities in their name. Thus, private foundations, notwithstanding their civil origins, operate within Australia, although regulators will seek to characterise them in accordance with more common entities, which, for charities registered in Australia, are typically a company limited by guarantee. This article sets out aspects of private foundations from an Australian viewpoint and their interface with regulatory agencies.
David Morrison (Fri,) studied this question.