The trustee company – a valuable model?

Your last issue on philanthropic advice was, as usual, wide-ranging and thought-provoking. One omission was the trustee company model in Australia. These mostly for-profit companies manage billions of dollars for philanthropic purposes, including some of Australia’s largest and best-known bequests. Since the early days of European settlement, they have played a significant role in the creation and management of philanthropic trusts and foundations in Australia.