Tasmanian Community Foundation

Donations requiring tax-deductibility can be made to the Public Fund.

Grants made from the Public Fund can only be provided to organisations with deductible gift recipient (DGR) status (Deductible gift recipients listed by name in the tax law)

DGR organisations must be working on projects or activities in line with the TCF’s objectives.

Donations to the Public Fund can be made to existing accounts. Alternatively, interested individuals, entities and companies with substantial funds (greater than $10,000) can create their own named management account.

If you do not require a tax deduction, donations can be made to the Open Fund.

The Open Fund functions in the same manner as the Public Fund. However, the Open Fund allows for broader scope in grant-making because grants can be made for charitable purposes which include innovative community development programs.

One way the Tasmanian Community Foundation enhances philanthropy is by encouraging Donor participation in its grant making.

The Foundation manages, directs and controls investment and grant making according to Tax and Trust law and reports to ASIC.

When a Donor establishes a Named Donation Account (sub Fund) with the Foundation, the Donors role (or a Committee formed) is to suggest, recommend or advise the Foundation.  This includes how the interest and/or capital of the Account should be applied as grants to assist their local community or an area of interest.

The Foundation has an Administration Account which enables it to fund its day-to-day activities. Donations (which are non-tax deductible) are welcomed to this account.

If you are interested in donating to our Public Fund, Open Fund or Administration Account, or if you’d like more information about creating your own named management account within either or both of the Funds, please contact our Executive Director Scott Marshall.

Alternatively, donations can be sent directly to the Tasmanian Community Foundation.

For more comprehensive information on donations, please download the TCF Guide To Giving 2010 PDF