To start your giving journey please complete and submit the online sub-fund establishment form below.

ESTABLISHMENT FORM

Thank you for choosing to become part of Foundation SA.

Please complete this form to request the establishment of a named sub-fund or Gumnut Account with Foundation SA.

The form seeks information that will assist Foundation SA in understanding your vision and preferences.

Background information and a summary of policies and procedures relating to the establishment and maintenance of a sub-fund with Foundation SA are provided in the Sub-fund Manual. A copy of the manual will be sent to you, once the establishment of the sub-fund is approved.

Australian Communities Foundation (ACF) is Foundation SA’s implementation partner and Trustee of funds under management.

1. Type of Sub-Fund

Foundation SA operates 3 giving funds. Australian Communities Foundation Limited (ABN: 20 077 830 347) acts as the Trustee (The Trustee), of the 3 funds.

The donor requests a sub-fund be maintained by the Trustee for the recording of gifts from the donor and from others, and the recording of grants from the sub-fund. (Please select the relevant Trust Fund).

2. Selecting a name

4a. Source of Referral

5. Contact Information

One or more individuals, an organisation or a business may apply to establish a sub-fund. The people named below will serve as the official contact(s) - which means they will be able to submit grant requests and will receive all correspondence related to the sub-fund, along with other Foundation SA communication materials. Contact information will not be shared outside of Foundation SA and ACF.

Establishment Donation

Please complete the relevant section below:

6a. Sub-fund

Sub-funds must be established with a minimum of $20,000. Note, there is no upper limit. It is expected that sub-funds will build over time, through ongoing donations or bequest.

All decisions relating to Foundation SA’s investment of the Trust Funds are the legal responsibility of the Trustee, Australian Commmunties Foundation. Investment matters are dealt with by the Trustee’s Investment Committee, which is responsible for the design and execution of the asset allocation strategy and investment activities.

On establishment of sub-funds Foundation SA allows donors to express an investment preference, based on whether they are requesting a long term endowment sub-fund or a flow through sub-fund. Please select your preference:

Donor grantmaking areas of interest

Understanding your areas of interest and funding priorities enables Foundation SA to keep you informed about relevant issues, project requests and events.

10. Privacy

Foundation SA and ACf are committed to protecting the privacy of our donors and the handling of your information. For more information please see our Privacy Policy on our website.

11. Future of the Sub-Fund

Foundation SA includes information about donors and grants in its newsletters, publications and on its website. In addition, sub-funds are generally named in approval letters to grant recipients and grant recipients are requested to acknowledge Foundation SA and the relevant sub-fund in material related to grants made.

Succession Planning

Foundation SA encourages donors to have written plans for the sub-fund once they are no longer able to be involved, through a statement of wishes.

There are a number of ways a sub-fund can continue to give once the donor is no longer involved (for example, after death, through incapacity or upon resignation as sub-fund contact).

Some donors request that Foundation SA continues to make grants in line with the founding donor’s interests and preferences. Others see it as an opportunity to help successive generations learn about and become involved in charitable giving.

We will discuss this with you and complete a statement of wishes document as part of our annual sub-fund review process.

Foundation SA and ACF is committed to protecting the privacy of our donors and the handling of your information. For more information please see our Privacy Policy.

13. Donor Acknowledgements

The donor has read, understood and agrees to the following:

Donor Gifts and assets:

• The gifts form part of the Trust Fund of Australian Communities Foundation and do not form a separate fund.
• At a future time the gifts forming Foundation SA will establish a separate fund with similar focus and objects.
• The Trustee may change the name of the sub-fund if it is required under law or recommended by the ATO and will consider any request from the donor as to a change in name.
• The assets will not be invested separately from the Trust Fund.
• The assets will not be separately accounted for in the statutory financial statements of The Trustee, although separate management accounts, known as sub-funds, in respect of the assets will be maintained for the purposes of internal management and identification. The Trustee will provide an annual report of the investments and grants attributed to the sub-fund to the donor, but is not to be under an obligation to do so.
• The Trustee may at any time cease to maintain a sub-fund and account for the money and investments in the general accounts for the Trust Fund.
• The Trustee is required to distribute a minimum of 4% of the net assets held in the Trust Fund annually, based on the net assets of the previous financial year.

Donor Grant making Requests

The management of donor requests in accordance with the below paragraphs is necessary for any donations to be tax deductible, where the sub-fund is tax deductible:

• The Trustee is not required to respond to any request or indicated preference or to make a grant in accordance with a request or preference.
• The Trustee may invite the donor to make requests or indicate preferences at certain times but the Trustee is not required to invite the donor.
• The Trustee may make grants from the funds from the donor’s gifts along with other money in the Trust Fund without first advising the donor or seeking a request.

Donor Fundraising and Marketing

a) The donor will not undertake any fundraising activities for the sub-fund without written authorisation from Australian Communities Foundation.

b) The donor will indemnify Australian Communities Foundation for any claims or liability for injury or damage in relation to any fundraising event undertaken by the donor.

c) The donor will clearly state in all marketing and communications material that the sub-fund is part of the Australian Communities Foundation.

Fees

The donor has been advised of the current fee structure, as per Schedule 1.

INVESTMENT MANAGEMENT FEE

All decisions relating to Foundation SA’s investment of the Trust Funds are the legal responsibility of the Trustee, Australian Commmunties Foundation. The Trustee uses professional investment advisers to invest funds under management.

The annual Investment Management Fee for this service is paid on total funds under management and therefore varies.

The Investment Management Fee is assessed and deducted monthly. The fees range from 0.37% to 0.4%. We can advise of the exact fee at the time of your fund establishment.