Trusts > Queensland Community Foundation

 

Queensland Community Foundation (QCF)

Established in 1997, Queensland Community Foundation provides a permanent source of philanthropic funding for charitable organisations to enable them to respond to the needs of the Queensland community. The foundation achieves this through the promotion of philanthropy, investing donated monies, distributing income earned and facilitating grants to charities.

The Trust is set up to allow Queenslanders to donate funds for charitable purposes or community causes on a perpetual basis. The funding pool is acquired through general donations from individuals and corporations, bequests and investment funds.

QCF is run by a voluntary Board of Governors with a wealth of experience and expertise overseeing the Trusts operations. The Board’s primary role is to provide strategic and policy advice, and to recommend to the Trustee the allocation of income and/or capital of the Trust. Former Premier, The Hon. Mike Ahern AO, is Patron of the foundation.

As the Trustee of the Trust, the Public Trustee is responsible for the administration, investment and distribution of funds. The Trustee will determine the distributions after considering the recommendation of the Board of Governors.

Each year Queensland Community Foundation implements Philanthropy Week in Queensland, which aims to raise awareness of philanthropy within the state. Visit the foundation’s website for more information about Philanthropy Week and how you can get involved.

Frequently asked questions (answers to expand below)

How can I donate?

  • There are different ways to donate to Queensland Community Foundation.

    If you are an individual
     
    If you’d like to see the benefits of your donation in your lifetime, then give something today.

    In your lifetime
    The foundation encourages Queenslanders to give something back to their community. This can be done through donating through your Will, or in your lifetime. 

    In your Will
    It’s easy to nominate Queensland Community Foundation as the beneficiary of your Will.
    Simply advise your Wills Officer during your Will appointment that you would like to leave a bequest to Queensland Community Foundation’s General Fund, or any of the existing sub-funds, or set up a sub-fund in memoriam.

    If you are a corporation or an individual
    Setting up a sub-fund with Queensland Community Foundation is fast and uncomplicated. The Trust structure employed is pre-existing and has no administration or set up charges, making it a convenient and cost effective way to give back to your local community.
    All you need is:
  1. The name of the sub-fund
  2. A paragraph detailing the intent and purpose
  3. A cheque for the initial deposit made out to the Queensland Community Foundation.

    If you’re an individual or an organisation looking to make a financial contribution today, you can do so by contacting the Trust directly or by contacting your local Public Trustee Office.

    Donations over $2 are tax deductable.

What are the administration costs involved?

  • The development and administrative costs of Queensland Community Foundation are funded through corporate sponsorship. Therefore the foundation itself does not charge legal or fund set-up fees when you donate to the foundation. (Trustee fees are charged for the Trust.)

Is it safe to donate to this Trust?

  • As an independent body and the foundations Trustee, The Public Trustee ultimately has the final say in the distribution of income earned from the Trust fund. The Public Trustee has been serving the Queensland community for over 100 years and has significant experience in the safe and responsible management of Trusts.

    The Public Trustee works closely with QIC (one of Australia’s largest institutional investment managers) to manage the fund’s investments efficiently. Funds donated are invested to balance capital growth and income receipts, providing secure investment vehicles for philanthropic investments.

 

How do I find out more information on the Queensland Community Foundation?

Last published: 1/09/2017 6:16:19 AM