There are a number of giving options available through the Foundation. All are designed to provide flexible, cost effective mechanisms for donors to carry out and increase the impact of their charitable giving. Donors can establish a sub-fund, Gumnut Account within one or several of the trust funds. We work with donors to establish the best giving options depending on their needs and the outcomes they want to achieve. Donors can also establish separate supporting foundations with the Australian Communities Foundation Limited as Trustee.
The Trustee of the Australian Communities Foundation is the Community Foundation Network Ltd, a company limited by Guarantee. The Australian Communities Foundation operates 3 Trust Funds.
The Fund is a public fund endorsed as a Deductible Gift Recipient (DGR), and an Income Tax Exempt Fund. Donations to this fund are tax deductible. All grants from this Fund must be made to organisations endorsed as a DGR referred to in Item 1 of the table in section 30-15 of the Income Tax Assessment Act (ITAA) 1997 and must be income tax exempt.
The Australian Communities Foundation Extension Fund is endorsed as a Tax Concession Charity (TCC). Donations are non-tax deductible. This fund attracts bequests, sponsorship from companies and other donations for which a tax deduction is not sought. Any grants from this fund can be made to charitable organisations or individuals/organisations for charitable purposes.
The Scholarship Fund is a public fund for the provision of educational scholarships, prizes and bursaries. It is endorsed as an Item 1 DGR and donations to this fund are tax deductible. Grants can be given directly to an individual or to a school or other organisations for the purposes of the scholarship.