The ancillary fund guidelines have been revised to enable deductible gift recipients to receive increased distributions to assist them navigate the challenging effects of COVID-19.
Covid-19 extensions allow ancillary funds to exceed their minimum annual distribution rate above five percentage points in the financial period 2019-2020 and 2020-2021 allowing them a lower minimum distribution rate in future years. This is to facilitate increased availability of funding to the DGR destinations of distribution from public or private ancillary funds.
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