Setting up a fund
These notes may assist you to advise clients who are interested in giving back to their community by donation to Advance Ashburton Community Foundation. Your clients could set up a fund in any one of the following ways:
1. Donations up to $200,000, entitles the Donor to establish a fund within the Foundation, with the Donors' chosen name, for general charitable purposes.
2. Donations of $200,000 or more (including by accumulated payments) entitles the Donor to establish a fund within the Foundation, with the Donors’ chosen name and specified charitable purposes. This could also be used to establish a charitable memorial fund in respect of a loved one who has passed on.
Click here for the Memorandum of Wishes
3. Donation to any of the existing special purpose funds with which the Foundation holds to benefit particular local causes. So far these include:
All cash donations under 1, 2, and 3 above, made during the Donor’s lifetime, qualify for a tax rebate of up to one-third of the amount given, up to a maximum of the Donor’s taxable income.
4. Payroll giving may be an option for businesses whose staff wish to contribute.
1. Donations up to $200,000, entitles the Donor to establish a fund within the Foundation, with the Donors' chosen name, for general charitable purposes.
2. Donations of $200,000 or more (including by accumulated payments) entitles the Donor to establish a fund within the Foundation, with the Donors’ chosen name and specified charitable purposes. This could also be used to establish a charitable memorial fund in respect of a loved one who has passed on.
Click here for the Memorandum of Wishes
3. Donation to any of the existing special purpose funds with which the Foundation holds to benefit particular local causes. So far these include:
- Hospital and Health Fund
- Arts Fund
- Heritage Fund
- Volunteer Rural Firefighters’ Welfare Fund
- Ashburton Palliative Care Fund
- Rakaia Community Fund
- Winchmore District Fund
- The Hearing Association Fund
- Wastebusters Fund
- The Ashburton College Alumni Trust
- The Child and Youth Fund
All cash donations under 1, 2, and 3 above, made during the Donor’s lifetime, qualify for a tax rebate of up to one-third of the amount given, up to a maximum of the Donor’s taxable income.
4. Payroll giving may be an option for businesses whose staff wish to contribute.