Foundation SA has a number of fund options available, which we’ve listed below.:
- Named sub-fund
- Corporate sub-fund
- Gumnut Account
- Bequest fund
More information is available here on our website.
Home > FAQs
Starting a Fund
What is the difference between establishing my own Private Ancillary Fund and setting up a sub-fund?
Click here to see a table that provides a quick reference guide to the different structured giving options.
When your Gumnut Account reaches $20,000 it will automatically become your own named sub-fund. You can make a minimum donation of $2,000 each year or make larger donations to speed up the process.
You can name your fund anything you like. The only legal limitation is that you can’t use the words ‘Foundation’ or ‘Trust’ in your name.
Donations to sub-funds
Absolutely. We understand circumstances may change and there is no long term commitment on your part. You are 100% free to change anything you like, any time at all. Simply contact us with what you’d like to do (e.g., cancel the recurring donation, change the amount or change which fund you are donating to) and we’ll do the rest.
Yes, all donations are tax deductible.
Anyone can donate to your sub-fund. Once your sub-fund is created you’ll be given a secure online donation link. Â This can be shared with friends, clients, family and anyone else in your network. Â They can all make a tax deductible donation to your sub-fund.
Leave a legacy
There are three ways to leave a legacy with Foundation SA:
- Make a gift of any amount to Foundation SA
- Bequest to an existing sub-fund with any amount
- Create a bequest sub-fund of your own (minimum amount applies)
More information can be found on our website here.
We suggest you speak to your personal advisor re the wording in your Will, but we have some suggestions here and would be happy to speak with your solicitor.
Corporate sub-funds
Any public or private organisation can establish a corporate sub-fund. Â A corporate sub-fund allows you to make regular tax deductible donations into a fund. Donations can come from:
- The business
- Owners/Partners/Directors
- Staff
- Clients
- Suppliers
You and your team nominate which causes you’d like to support and make donations from your fund to your chosen charities/organisations.
Yes, a corporate sub-fund is separate to a workplace giving program. You can establish a corporate sub-fund and both the organisation and staff can donate directly into the fund without a workplace giving program.
Granting
You can make a request to grant out of your fund at any time through the online donor portal. Â Please be aware that your sub-fund balance can not go below $20,000. You may therefore need to ‘top-up’ your fund before making a grant.
You advise us where you would like your grants to go. Â You can nominate charities or organisations that align to your family or business values or causes close to your heart.
If you would like assistance selecting charities and organisations to support, Â Foundation SA can help. Â We can provide research into who is doing work in your chosen area of focus and provide due diligence to ensure transparency and impact.
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Contact us
- www.foundationsa.org.au
- hello@foundationsa.org.au
- +61 8 8223 3597
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.