Watch it grow and you can give for ever!
Gumnut Accounts makes long-term philanthropy accessible for more people. It is an easy and wonderful way to build your dream of creating a charitable legacy.
For a tax deductible donation of $5.45 per day or less than a coffee per day (after tax). It’s that easy.
Australian Communities Foundation offers anyone the opportunity to establish a charitable endowment fund by making regular contributions to a Gumnut Account and overtime build this into a named sub-fund.
To establish a Gumnut Account simply make a commitment to contribute to monthly, quarterly, half yearly or an annual contribution.
Suppose you start a Gumnut Account today with an annual contribution of $2,000 with a goal to grow it, initially to $20,000 so it can become a named sub-fund. Your Gumnut Account will mature by year 8, based on forecast long term returns and assuming you make regular contributions. Once a sub-fund, you can start requesting grants be made. The first grant would be around $600, being 80% of the income earned.
Assuming you continued to grow the sub-fund for another 10 years making regular $2,000 contributions and 80% of the income was granted each year, your sub-fund will have distributed $10,409 and have a value of $53,537.
After 25 years it will have reached the $100,000 minimum sustainable level for a philanthropic fund at Australian Communities Foundation and would have made valuable grants to support projects and organisations of $28,000. The growth in grants and fund value will continue forever, helping your favourite causes and assisting to build healthy resilient communities. Your contribution has been a $2,000 tax deductible donation each year.
Become part of Australian Communities Foundation's community.
You will be invited to all events and donor education seminars to learn more about the community, issues of disadvantage and other philanthropic topics.
Anyone can start a Gumnut Account. It is a perfect philanthropic option for:
Simply download the attached brochure, fill in the application form, provide us with your banking details so we can make regular direct debits and you will be up and running.
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Ph: (03) 9412 0412 Fax: (03) 9415 7429 Email: email@example.com Web: www.communityfoundation.org.au