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There are many benefits to setting up a Named Fund or making other donations to the Geyser Community Foundation
• Give to the local causes of your choice.
• Real impact on the community by making grants to local groups.
• We are open to all charitable purposes ensuring your donation will go to a genuine project or organisation in need.
• Create a Named Fund in your chosen name or company name forever.
• Excellent tax benefits.
• No management or administration hassles.
• Press coverage - if you are happy for your generosity to be publicly acknowledged.
• Publicity through Geyser Community Foundation literature, events and website if you so desire.
• No need to make Charities Commission returns.
• Involvement of you and your family or your staff in Geyser Community Foundation events.
• Our Board of Trustees ratifies all grants.
• No need for a separate set of trustees for your Fund.
• Anonymity for those who wish it.
Imagine what could happen if every couple in your neighbourhood bequeathed part of their estate to the place they live in. Say 10,000 couples followed their instinct to make a contribution to their community.
Assume each of these estates was valued at $250,000 and the couples decided to leave 90 per cent to their children and 10 per cent for the good of the community. That's $225,000 for the family and $25,000 as their legacy. Assume 200 of these bequests fall due each year. That's a contribution of $5 million a year for the good of your region.
Over 50 years under this equation, 10,000 couples who are alive today will have contributed $250-million to their community. That could mean that every year, even at only 7% interest, $17.5 million would be available back to community projects in perpetuity!
Tax Rebate Information
You can claim a cash tax rebate at 33.3% of the amount of your gift (up to the limits of your income) if you contribute to your fund during your lifetime.
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