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 $50,000, entitles the Donor to establish a fund within the Foundation, with the Donors' chosen name, for general charitable purposes.
2. Donations of $50,000 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 a Declaration of Trust template
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 $50,000, entitles the Donor to establish a fund within the Foundation, with the Donors' chosen name, for general charitable purposes.
2. Donations of $50,000 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 a Declaration of Trust template
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
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.
