Sub-fund Establishment Form - Foundation South Australia

1Fund Information

2Contact Information

3Donation & Investment

4Areas of interest

5Fees and schedule

5. Contact Information
One or more individuals, an organisation or a business may apply to establish a sub-fund. The people named below will serve as the official contact(s) - which means they will be able to submit grant requests and will receive all correspondence related to the sub-fund, along with other Foundation SA communication materials. Contact information will not be shared outside of Foundation SA and ACF.
Name*
(i) Primary Contact
Gender*
- Mr.
- Ms.
- Mrs.
Year of birth
Please enter a number from 1900 to 2021.
Organisation name (if applicable)
Address*
Street Address Address Line 2 City State Postcode Country
Home telephone
Work telephone
Mobile*
Email*
Occupation
Name
(i) Secondary Contact
Gender
- Mr.
- Ms.
- Mrs.
Year of birth
Please enter a number from 1900 to 2021.
Organisation name (if applicable)
Address
Street Address Address Line 2 City State Postcode Country
Home telephone
Work telephone
Mobile
Email
Occupation

Establishment Donation
Please complete the relevant section below:
6a. Sub-fund
Sub-funds must be established with a minimum of $20,000. Note, there is no upper limit. It is expected that sub-funds will build over time, through ongoing donations or bequest.
Sub-fund
The donor proposes to make unconditional gifts to Australian Communities Foundation via Foundation SA, starting with a total gift of:
6b. Gumnut Account
Gumnut Accounts must be established with a commitment to donate $2,000 per year.
Contributions can be made by direct debit monthly, quarterly or annually. To set-up a direct debit, please complete the Direct Debit form on the 'Policies & Forms' page of the website and return to Foundation SA.
At any time, you can make additional donations or increase your regular contributions to grow your Gumnut faster. Once your Gumnut reaches $20,000 a sub-fund will be created and you will be able to begin granting.
Gumnut Account
The donor proposes to make unconditional gifts to Foundation SA, starting with a total gift of:
Donation Method*
Please contact Foundation SA if you require payment by Cheque.
Please indicate donation method:
- Online donation (direct debit/credit card)
- Other (E.g Land and buildings, cash, personal property and securities). For further information on the types of gifts that can be made to Foundation SA, please speak to us about our policy.
7. Investment Approach
The majority of Foundation SA’s sub-funds are established in perpetuity as endowment sub-funds. The default investment strategy for these is one seeking long-term capital appreciation.
In some cases, flow through sub-funds are established with the intention of granting out the corpus over a specific period, generally from 12 months to 5 years. A medium term income investment strategy is available for this purpose.
Flow through sub-fund
- Please tick if you will be requesting a flow through sub-fund i.e. granting out the corpus in less than 5 years.
All decisions relating to Foundation SA’s investment of the Trust Funds are the legal responsibility of the Trustee, Australian Commmunties Foundation. Investment matters are dealt with by the Trustee’s Investment Committee, which is responsible for the design and execution of the asset allocation strategy and investment activities.
On establishment of sub-funds Foundation SA allows donors to express an investment preference, based on whether they are requesting a long term endowment sub-fund or a flow through sub-fund. Please select your preference:
Investment preference*
Contact us for further information on FSA’s investment approach or to request a copy of the Investment Policy.
- Long-term
- Short-term (not available for Extension and Scholarship Funds)
8. Sub-Fund Statement of Purpose
Each year Foundation SA publishes a list of all sub-funds and Gumnut Accounts together with a short statement about the sub-fund’s purpose or special interests. If known, please provide a statement (one or two sentences) about your sub-fund’s purpose, priorities or special interests. This can also be provided after the sub-fund is established and can be updated each year at the annual sub-fund review.
Statement of purpose*

Succession Planning
Foundation SA encourages donors to have written plans for the sub-fund once they are no longer able to be involved, through a statement of wishes.
There are a number of ways a sub-fund can continue to give once the donor is no longer involved (for example, after death, through incapacity or upon resignation as sub-fund contact).
Some donors request that Foundation SA continues to make grants in line with the founding donor’s interests and preferences. Others see it as an opportunity to help successive generations learn about and become involved in charitable giving.
We will discuss this with you and complete a statement of wishes document as part of our annual sub-fund review process.
Foundation SA and ACF is committed to protecting the privacy of our donors and the handling of your information. For more information please see our Privacy Policy.
13. Donor Acknowledgements
The donor has read, understood and agrees to the following:
Donor Gifts and assets:
- The gifts form part of the Trust Fund of Australian Communities Foundation and do not form a separate fund.
- At a future time the gifts forming Foundation SA will establish a separate fund with similar focus and objects.
- The Trustee may change the name of the sub-fund if it is required under law or recommended by the ATO and will consider any request from the donor as to a change in name.
- The assets will not be invested separately from the Trust Fund.
- The assets will not be separately accounted for in the statutory financial statements of The Trustee, although separate management accounts, known as sub-funds, in respect of the assets will be maintained for the purposes of internal management and identification. The Trustee will provide an annual report of the investments and grants attributed to the sub-fund to the donor, but is not to be under an obligation to do so.
- The Trustee may at any time cease to maintain a sub-fund and account for the money and investments in the general accounts for the Trust Fund.
- The Trustee is required to distribute a minimum of 4% of the net assets held in the Trust Fund annually, based on the net assets of the previous financial year.
Donor Grant making Requests
The management of donor requests in accordance with the below paragraphs is necessary for any donations to be tax deductible, where the sub-fund is tax deductible:
- The Trustee is not required to respond to any request or indicated preference or to make a grant in accordance with a request or preference.
- The Trustee may invite the donor to make requests or indicate preferences at certain times but the Trustee is not required to invite the donor.
- The Trustee may make grants from the funds from the donor’s gifts along with other money in the Trust Fund without first advising the donor or seeking a request.
Donor Fundraising and Marketing
a) The donor will not undertake any fundraising activities for the sub-fund without written authorisation from Australian Communities Foundation.
b) The donor will indemnify Australian Communities Foundation for any claims or liability for injury or damage in relation to any fundraising event undertaken by the donor.
c) The donor will clearly state in all marketing and communications material that the sub-fund is part of the Australian Communities Foundation.
Fees
The donor has been advised of the current fee structure, as per Schedule 1.
SIGNED by Donor
Name of signatory*
Date*
Day
Month
Year
Acceptance by the Trustee
Name of trustee
Date
SIGNED for and on behalf of Foundation SA
Day
Month
Year
Schedule 1
DONOR ADMINISTRATION & SUPPORT FEE
Foundation SA charges fees which are subject to periodic review and amendment by the Trustee.
There are no fees to establish a sub-fund or Gumnut Account. To assist with ongoing costs, Foundation SA charges a Donor Administration & Support Fee.
This provides the necessary resources to operate efficiently and effectively, ensuring fiscal responsibility in grant due diligence, donor education, research, reporting and compliance and other activities.
Foundation SA has a cumulative, tiered fee structure. Fees are assessed and deducted monthly based on sub-fund balances. The breakdown of the administration fee is as follows:

BALANCE ANNUAL FEE	ANNUAL FEE
Gumnut Account (up to $20,000)	1.2%
Assets up to $500,000	2.2%
Next $500,000 - $1M	2.0%
Next $1M - $2.5M	1.0%
Assets over $2.5M	0.5%
Not-for-profit organisations	1.2% on balances up to $1M. Once a not-for-profit sub-fund reaches a balance of $1M, the fee will follow the arrangements described for sub-funds. eg. $1M-$2.5M - 1.0% and over 2.5M - 0.5%

INVESTMENT MANAGEMENT FEE
All decisions relating to Foundation SA’s investment of the Trust Funds are the legal responsibility of the Trustee, Australian Commmunties Foundation. The Trustee uses professional investment advisers to invest funds under management.
The annual Investment Management Fee for this service is paid on total funds under management and therefore varies.
The Investment Management Fee is assessed and deducted monthly. The fees range from 0.37% to 0.4%. We can advise of the exact fee at the time of your fund establishment.
For Office Use Only
Fund Type
Fees
Fund Category
Fund ID

Australian Communities Foundation (ACF) is Foundation SA’s implementation partner and Trustee of funds under management.

Main Fund (tax deductible) ABN 57 967 620 066
Extension Fund (non-tax deductible) ABN 57 485 460 977
Scholarship Fund (tax deductible) ABN 82 218 603 765.

We pay our respects to the Traditional Custodians of the Adelaide region on which our office stands, the Kaurna people. We acknowledge all First Nations peoples and their deep connection to the land. The dispossession and treatment that has occurred, still impacts on the lives of Aboriginal and Torres Strait Islander people today. We walk hand-in-hand with all First Nations peoples on the path to reconciliation.

ESTABLISHMENT FORM

1. Type of Sub-Fund

2. Selecting a name

3. Fund Category

4a. Source of Referral

4b. Name/Contact of referral

5. Contact Information

Establishment Donation

6a. Sub-fund

6b. Gumnut Account

7. Investment Approach

8. Sub-Fund Statement of Purpose

Donor grantmaking areas of interest

10. Privacy

11. Future of the Sub-Fund

Succession Planning

13. Donor Acknowledgements

Fees

Schedule 1

For Office Use Only

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