Do you want to give?
You can make a lasting difference. Charitable Trusts are an easy way to donate on an ongoing basis.
- If you are passionate about a cause, you can leave a lasting legacy in your will.
- Or you can set up a fund now so you can see the good things that come from your support.
Contact us to discuss the many ways State Trustees can help you establish a charitable trust.
You can even name the trust or sub-fund after yourself, your family or an organisation. You may also be eligible for tax benefits.
Examples of giving
“We can think of no better way to celebrate the individual lives of our family members, than to create a memorial which will continue to bring smiles to many faces, as each of them did during their lives.”
The Wadhwa family wanted to establish a memorial for each of their loved ones (Lal Wadhwa, Meena Wadhwa and Satya Vir Kapoor), as well as create a pathway for other family members and friends to contribute their own tax deductible donations. They fulfilled this by creating a sub fund in the name of each family member, providing ongoing support in the field of medical/cancer research and treatment.
“My sister died of breast cancer at 36 and I’d like to support those trying to find a cure.”
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.
“My brother spent most of his life working with young refugee people and their families.”
The John Byrne Memorial was established by John’s sister Annette as a memorial to his tireless work. 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 and it was distributed straightaway, it would provide twenty $1,000 education scholarships. However, putting $20,000 in the State Trustees Australia Foundation sub-fund could provide more scholarships over time allowing for perhaps, thirty-six $1,000 scholarships over the first 20 years, and scholarships in perpetuity.
*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 approximately $37,000.