Pocket philanthropy - how a little change every day can make a huge change every year
Gumnut Accounts are the ideal way to give for people who want to start small. With an Australian Communities Foundation Gumnut Account, it’s easy to make regular, tax-deductible donations to build a lasting endowment fund.
For less than the price of two cups of coffee a day ($40 per week), you, your family or your organisation can lay the foundations of giving to support a cause or fund a project you care about.
Watch your giving grow
Open the Gumnut Account, make regular tax-deductible donations to it and we do the rest!
Once you’ve decided to start, it’s amazing how quickly you begin to see real results.
You can establish a Gumnut Account with as little as $2,000 and an ongoing commitment to donate $2,000 per year. Contributions can be made quarterly or annually. At any time, you can make additional donations or increase your regular contributions to grow your Gumnut Account faster.
All funds are professionally managed and invested in a long-term growth portfolio. Income from Gumnut Accounts will be reinvested to grow the balance of each account.
It won’t stay a gumnut forever
When your Gumnut Account balance reaches $20,000, it matures and becomes a sub-fund of Australian Communities Foundation. This is when it really gets exciting as you can commence recommending grants!
Can I leave a bequest to my Gumnut Account?
Yes. Your Gumnut Account can be transferred to a named sub-fund at the request of a donor; if, once the bequest has been received, the minimum balance in the sub-fund is $100,000. Grants will then be made annually and will continue to benefit your community for generation after generation.
Once you establish a Gumnut Account, you immediately become a part of Australian Communities Foundation’s community of donors. ACF donors:
receive invitations to functions and events
receive newsletters, annual reports and an annual statement
are acknowledged in the ACF Annual Report and on the website
have the opportunity to join donor interest groups.