LIVING donations, in memoriam and through a Will are all options for Queenslanders to make a valuable contribution to their community through the Queensland Community Foundation.
The QCF is a charitable trust which accepts tax-deductible donations. The power of the fund is in its donations being pooled and then invested as a whole. The consequent interest from the donation pool is distributed to Queensland charities.
Foundation chair Margaret McMurdo AC said there is currently $88 million under management in the fund which is an incredible achievement since the fund was established by Mike Ahern in 1997 with start-up funds of $300,000.
During the 2017/18 financial year, the foundations reports $2.1 million was distributed across 200 organisations which included animal welfare, arts and culture, children and youth, community, disability, education, environment, health and medical research, indigenous and religion.
The QCF is sponsored by the Public Trustee and Queensland Investment Corporation which Mrs McMurdo said means there are no administration costs charged against the foundation. "Every dollar donated goes straight to the fund," she added.
"I like it because it's a long-term, sustainable organisation that's going to help Queenslanders into the future and help keep Queensland a cohesive society.
"By being able to help community organisations do good things within the community; those people are the lifeblood of our society.
"By having a compassionate, caring society where people care about each other and do things within the community and put their hands in their pockets, and give people who are disadvantaged a helping hand, it seems to me that is a security blanket to stop the terrible things that happen such as in the States with Trumpism and the huge disparity between rich and poor."
Donations to the QCF are attributed to one of the following funds -
The General Fund supports any registered Queensland charity.
Regional Sub-Fund (Gold Coast, Sunshine Coast, Townsville and Toowoomba) comes under the General Fund and is appropriate for a donor that wants to do a 'give where they live' donation which is then applied to the region or to a charity within one of those regions.
Chair of the Sunshine Coast board, Simon Gamble, used the example of fund recipient STEMM at Burnside State High School, which supports young girls who have been subjected to domestic violence or who are pregnant and don't know how to bring the child up. "They teach them how to look after the child and at the same keep their education going," Mr Gamble said. "A number of the girls have gone onto tertiary education."
SPECIFIC PURPOSE FUNDS
A Sub-Fund in Memoriam helps donors honour a loved one and which donations are attributed to a nominated charity or charitable cause.
A Named Charity and Not-for-Profit Sub-Fund can be set up by a Queensland charity or family or business. Donations to these named sub-funds are tax deductible and the donations are given to nominated charities each year. There are currently 217 of these funds.
"A family can set up a sub-fund to teach their kids about philanthropy," Mrs McMurdo said. "As a family they can decide which charities they want to give to and then it is done through the Public Trustee."
MORE FUND INFORMATION
- The QCF also accepts bequests.
- Donations can be made at any time of the year.
- If a community group doesn't have DGR status, they need to partner with one that does.
- Charities make an application for funding support direct to QCF. The details of how to apply and what is a suitable request, is available from the QCF website.
For more donation information and forms, go to www.qcf.org.au.