To start your giving journey please complete and submit the online sub-fund establishment form below.
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.
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.
Main Fund (tax deductible) ABN 57 967 620 066 - is a tax-deductible Trust Fund. It can make grants to charitable organisations endorsed by the ATO as having TCC (Tax Concession Charity) and item 1 DGR (Deductible Gift Recipient) status. It can also make grants to exempt organisations that would be charitable but for their connection with government and which are item 1 DGRs.
Extension Fund (non-tax deductible) ABN 57 485 460 977 - is a non-tax-deductible charitable Trust Fund. It can make grants for charitable purposes to organisations and to individuals; the essential characteristic being that it is charitable at law and of recognised benefit to the community.
Scholarship Fund (tax deductible) ABN 82 218 603 765 - is a tax-deductible Trust Fund. It can make grants to organisations, schools and individuals for the purposes of educational scholarships, prizes and bursaries, within the requirements of the Trust Deed.
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).
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.
Please complete the relevant section below:
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.
Gumnut Accounts must be established with a commitment to donate $2,000 per year.
Contributions can be made by direct debit monthly, quarterly or annually. To set-up a direct debit, please complete the Direct Debit form on the 'Policies & Forms' page of the website and return to Foundation SA.
At any time, you can make additional donations or increase your regular contributions to grow your Gumnut faster. Once your Gumnut reaches $20,000 a sub-fund will be created and you will be able to begin granting.
The majority of Foundation SA’s sub-funds are established in perpetuity as endowment sub-funds. The default investment strategy for these is one seeking long-term capital appreciation.
In some cases, flow through sub-funds are established with the intention of granting out the corpus over a specific period, generally from 12 months to 5 years. A medium term income investment strategy is available for this purpose.
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:
Each year Foundation SA publishes a list of all sub-funds and Gumnut Accounts together with a short statement about the sub-fund’s purpose or special interests. If known, please provide a statement (one or two sentences) about your sub-fund’s purpose, priorities or special interests. This can also be provided after the sub-fund is established and can be updated each year at the annual sub-fund review.
Understanding your areas of interest and funding priorities enables Foundation SA to keep you informed about relevant issues, project requests and events.
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.
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.
The donor has read, understood and agrees to the following:
Donor Gifts and assets:
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:
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.
The donor has been advised of the current fee structure, as per Schedule 1.
DONOR ADMINISTRATION & SUPPORT FEE
Foundation SA charges fees which are subject to periodic review and amendment by the Trustee.
There are no fees to establish a sub-fund or Gumnut Account. To assist with ongoing costs, Foundation SA charges a Donor Administration & Support Fee.
This provides the necessary resources to operate efficiently and effectively, ensuring fiscal responsibility in grant due diligence, donor education, research, reporting and compliance and other activities.
Foundation SA has a cumulative, tiered fee structure. Fees are assessed and deducted monthly based on sub-fund balances. The breakdown of the administration fee is as follows:
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.
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