Enjoy the benefits of establishing a Charitable Fund Account
A Charitable Fund Account in the Lord Mayor's Charitable Fund is a powerful and efficient way to leave a legacy for future generations. We do all the heavy lifting, with no establishment fee and very low annual fees, leaving you to focus on the causes closest to your heart and the impact that you wish to create for years to come.
How does it work?
Give to the Charitable Fund Account you establish with an initial tax-deductable donation of at least $2,000.
Grow the Charitable Fund Account balance with contributions and income accrued in one centralised account.
Grant to your preferred charities and/or our Impact Area/s to support our strategic grants program once the balance of the Charitable Fund Account reaches $10,000.
Click to enlarge the diagram.
What is an example?
Barbara and John start The Generous Family Fund with a tax-deductible donation of $10,000. Over the year the funds are invested alongside other donor funds and work hard to accumulate interest in the Charitable Fund Account.
After the end of financial year audit, they recommend distributions to support the cause they are most passionate about, preventing youth homelessness. They support two charities and the Foundation's Homelessness & Affordable Housing Impact Area. The Charitable Fund Account continues to grow year on year, and they are able to support the cause they are most passionate about perpetually.