Charitable Trusts
State Trustees helps make giving easier and enables a measure of control over where your money goes.
How does a Charitable Trust work?
Charitable Trusts offer businesses and individuals an easy way to donate to charities on an ongoing basis. If you are passionate about a cause, you can leave a lasting legacy in your Will or establish a Trust now so you can see the good things that come from your support. You may also be eligible for tax benefits.
Creating a Charitable Trust with State Trustees
With a Charitable Trust, State Trustees helps make giving easier and enables a measure of control over where your money goes. You may also be eligible for tax benefits. We can help you choose between setting up a sub-fund within the State Trustees Australia Foundation or a Private Charitable Trust. See how other Victorians have donated to their favourite causes:
"My sister died of breast cancer at 36 and I'd like to support those trying to find a cure."
Read moreDavid’s younger sister, Jane, died of breast cancer at 36. The family wanted to support those organisations working towards a cure so other families don’t have to experience the same terrible loss.
As a memorial to his sister, David established a sub-fund under Jane’s name with the State Trustees Australia Foundation. By requesting the cause ‘breast cancer’ rather than a specific organisation, State Trustees can help ensure that the money goes to the most appropriate, eligible organisation each year. In addition, the money that is contributed through the sub-fund is pooled with other sub-funds so it has a much greater impact.*
Hide"My dog "Molly" has been a great comfort to me since my husband died and I would like to help organisations that care for pets like mine."
Read moreSeventy year old Eleanor lives with her dog, Molly, for company. She has always been fond of dogs and hates to see pets being mistreated. She would really like to help organisations that look after mistreated animals. With State Trustees’ help, Eleanor established a sub-fund under the State Trustees Australia Foundation, named after her dog Molly, with a request to distribute funds to groups involved in animal welfare.*
Hide"My brother spent most of his life working with young refugee people and their families."
Read moreThe John Byrne Memorial was established by John’s sister Annette as a memorial to his tireless work. The Memorial will continue to provide assistance to disadvantaged refugees and asylum seekers in perpetuity, particularly in the form of education scholarships.
The benefit of establishing a fund, rather than giving directly, can be seen in the value being created by this memorial. If you donated $20,000 today, it would provide twenty $1,000 education scholarships. However, putting $20,000 in the State Trustees Australia Foundation sub-fund would provide 32 $1,000 scholarships over the first 20 years, and continue to provide scholarships in perpetuity.**
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State Trustees Australia Foundation is a simple and cost-effective way to make an ongoing donation to charity. You can even name the sub-fund after yourself, your family or an organisation.
Private Charitable Trusts allow you complete discretion over which charity or charitable cause you wish to benefit when creating the Trust Deed by Will or creating the Deed to take effect while you are living.
* The case studies, while fictional, are based on real customer experience. Names and identities of persons and facts have been changed in order to protect confidentiality. Any similarity between a person’s name and experiences to the scenario described in the case study is unintended and coincidental.
** This example assumes a 10% return rate (capital plus income) and 5% distribution per year. Under this scenario total corpus after 20 years would be $46,157, and the total value of grants distributed would be $31,970.
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