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PUB00372: What is required to establish and maintain a “public fund” under s LD 3(2)(d) of the Income Tax Act 2007?

A person who donates money to a donee organisation can receive a donations tax credit or deduction.  A donee organisation includes a “public fund” established and maintained exclusively for the purpose of providing money for one or more specified purposes within New Zealand.  Since 1 April 2020, a public fund must be registered with the Department of Internal Affairs’ Charities Services (if it is entitled to be registered under the Charities Act 2005), and the name of the fund must be on the list of donee organisations the Commissioner publishes for a donor to receive a donations tax credit or deduction.  This item considers what is required to establish and maintain a public fund under s LD 3(2)(d) of the Income Tax Act 2007.

Comment deadline: 24 December 2021