Targeting donations to a Geographic Area or specific Community Area of Interest

Foundation Barossa makes it easy for organisations, individuals or families to support community projects in their geographic area or to target a specific area of interest. This can be done by donating to an existing Sub Fund of the Foundation Barossa Foundation or establishing an additional Sub Fund to meet the specific area of interest.

Donors can indicate a preference that a particular group or type of eligible charities or projects benefit from his or her gift.  Sub Funds can be established in the Open, Public or Educational Scholarship Fund. The donation is pooled and invested with other trust funds, but is accounted for separately. Grants and scholarships given from the donation are acknowledged as being made from the Sub Fund.

Donations made to a Sub Fund within the Public, Open and Educational Scholarship Funds are perpetual which means that the capital donated to the fund is preserved and only the income generated is used to give grants or scholarships.  Over time, with further contributions, a Sub Fund can build to become a substantial community funding tool. The goal is to attain capital growth over time through further donations, so that the income from the donation increases in line with inflation.

As the ATO requires the Public Ancillary Fund, during each financial year, to distribute at least 4 per cent of the market value of the fund’s net assets only part of the capital donated to the fund is able to be preserved in perpetuity.

By establishing a Sub Fund you are ensuring that your local community or area of interest will receive grants or scholarships long into the future, rather than making a once off donation.

When a Sub Fund is created the donors are invited to form an advisory committee, which is able to express a preference to the Foundation Barossa Board on how grants and scholarships are allocated.  The Board will take these recommendations into consideration when allocating grants and scholarships, however there are times when recommendations are unable to be implemented due to legal or other reasons. The Board, as the trustee of the Public, Open and Educational Scholarship Funds has the final decision about grant making and scholarship allocations, but will always attempt to follow the preferences of the advisory committee.