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Establishing your own foundation

Why consider establishing a charitable foundation?

You may consider making a contribution to the community through the establishment of a charitable foundation where

• Your financial and taxation circumstances have changed, such as a recent or proposed sale of a business or your income has increased substantially;
• You have received an inheritance or have funds available and wish to create a lasting legacy;
• You wish to commence or continue your contribution to the community but in a way that allows you greater control over the direction of your giving strategy; or
• You would benefit from the ability to claim a tax deduction for initial and ongoing donations.

When and how to establish your foundation

ANZ Trustees will work with you to determine the right structure and time to establish a foundation. You may wish to:

• Establish your charitable foundation now during your lifetime (there may be tax advantages in doing this), so you and your family can become active in its direction;
• In your Will – effective on death; or
• A combination of both.

Benefits of a charitable foundation

By establishing a charitable foundation with ANZ Trustees you will be able to:

• Set up your own foundation with a minimum donation of $50,000;
• Obtain a tax deduction for initial and ongoing donations and spread the tax deduction for up to 5 years against your assessable income;
• Be confident that you have greater control over your charitable giving – you can decide your granting program;
• Have the flexibility to vary your giving program over time to suit your aims or to meet new areas of need;
• Be secure knowing that your contribution to the community will continue to grow in perpetuity while maintaining value in real terms; and
• Be assured that you have chosen a philanthropic partner that is a specialist and trusted provider of trust services to the philanthropic community.

ANZ Trustees Limited (ABN 33 006 132 332) is a wholly owned subsidiary of Australia and New Zealand Banking Group Limited (ABN 11 005 357 522). The information provided on this website is intended as a source of information only. Any advice does not take into account your personal investment objectives, financial circumstances and needs and you should consider whether it is appropriate for you. ANZ recommends you read the relevant product disclosure statement and the financial services guide (PDF, 64kb) before acquiring any product. The content for this website was provided by ANZ Trustees.

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