| Create a donor-advised fund with Foundation SA | Create a Gumnut Account with Foundation SA | Provide ongoing support via Foundation SA | Set up a Private Ancillary Fund with a third party | Leave a bequest to Foundation SA | |
|---|---|---|---|---|---|
| What are the establishment fees? | No fee | No fee | No fee | $4,000 (approx) | No fee (for existing donors) |
| How long to get set-up? | 2 days | 2 days | Immediate | 4-6 weeks | 2 days |
| What is the minimum initial donation? | $20,000 | $2,000 | No minimum | $1 million is recommended | $100,000 (smaller amounts can be negotiated) |
| Are donations tax deductible? | Yes | Yes | Yes | Yes | Yes |
| What costs are involved with maintaining the fund? | We charge a small fee on a sliding scale for administration and support, and investment management. Admin fee: 2.2% (max.) Investment fee: 0.37%* | We charge a small fee on a sliding scale for administration and support, and investment management. Admin fee: 1.2% (max.) Investment fee: 0.37%* | None | Dependent upon provider | We charge a small fee on a sliding scale for administration and support, and investment management. Admin fee: 2.2% (max.) Investment fee: 0.37%* |
| Who can I give to? | Charities (Deductible Gift Recipient Item 1) Funds established under our Extension Fund can give for all charitable purposes regardless of DGR Item 1 status | Charities (Deductible Gift Recipient Item 1) once the fund reaches $20,000 | Charities (Deductible Gift Recipient Item 1) | Charities (Deductible Gift Recipient Item 1) | Charities (Deductible Gift Recipient Item 1) |
| Who advises on grant-making? | You advise the Trustee. Our Foundation SA team can support you. | You advise the Trustee. Our Foundation SA team can support you. | Donations to the General Fund are managed by FSA’s Advisory panel and expert staff. | You make the grant-making decisions | You advise the Trustee. Our Foundation SA team can support you. |
| What are the minimum distribution requirements? | The minimum requirement for individual funds is 4% | No requirement until balance reaches $20,000 | N/A | 5% of the net value of assets at 30 June the previous year | The minimum requirement for individual funds is 4% |
| How often do I need to contribute? | Contribute as often as you like – there are no legal requirements | $2,000 p.a. | Contribute as often as you like – there are no legal requirements | Contribute as often as you like – there are no legal requirements | A bequest is a one-off donation |
| Can the public donate into my fund and am I allowed to fundraise? | Yes | No | N/A | No | Yes Family or friends could continue to fundraise on your behalf |
| Who is the Trustee? | Australian Communities Foundation Limited | Australian Communities Foundation Limited | Australian Communities Foundation Limited | You and the Directors you appoint as the Trustee are responsible for compliance and reporting to regulatory authorities | Australian Communities Foundation Limited |
| Who manages the investments? | We manage your funds in line with our commitment to 100% responsible investing | We manage your funds in line with our commitment to 100% responsible investing | We manage your funds in line with our commitment to 100% responsible investing | You can nominate an investment adviser or manage the investments yourself | We manage your funds in line with our commitment to 100% responsible investing |
| Are the investments tax-exempt? | Yes | Yes | Yes | Yes | Yes |
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Contact us
- www.foundationsa.org.au
- hello@foundationsa.org.au
- +61 8 8223 3597
Australian Communities Foundation (ACF) is Foundation SA’s implementation partner and Trustee of funds under management.
Main Fund (tax deductible) ABN 57 967 620 066
Extension Fund (non-tax deductible) ABN 57 485 460 977
Scholarship Fund (tax deductible) ABN 82 218 603 765.
We pay our respects to the Traditional Custodians of the Adelaide region on which our office stands, the Kaurna people. We acknowledge all First Nations peoples and their deep connection to the land. The dispossession and treatment that has occurred, still impacts on the lives of Aboriginal and Torres Strait Islander people today. We walk hand-in-hand with all First Nations peoples on the path to reconciliation.