Advice is sought from knowledgeable and appropriate people, organisations and local government about the areas of greatest need.

Donors may form advisory committees to suggest how they would like the income from their donations used.

Submissions are invited and a grants committee recommends to the Board how each year's income is distributed.

The Foundation assists the donor achieve maximum community return for their investment in any area of charitable interest.

Financial assistance and pro bono support is secured from other sources to meet running costs.

The Community Foundation applies a moderate charge on the capital sum of Funds Under Management that does not exceed two (2) per cent per annum.

As a comparison Australian Bureau of Statistics 2002 figures indicate that when donors give directly to Australian charities, an average of twenty-three (23) per cent is attributed to administrative costs.

Board of Directors consults broadly with local interest groups.

These directors are local people with demonstrated skills and experience and with a strong commitment to Tasmania.

An Australian Tax Office requirement for Community Foundations is that Directors may be appointed to The Board if they have demonstrated community responsibility through previous public offices held or who are members of professional bodies.

No Directors' fees are paid. Directors provide their time and expertise free of charge.

Directors can seek advice from advisory committees and elsewhere as needed.

The Directors are assisted by an Executive Officer and with honorary services from professional firms.

The Company is the Manager of the two Trust Deeds (Public Fund and Open Fund).

The Trustee is ultimately responsible for ensuring that the Community Foundation is conducted according to law.

An annual report is published, including financial statements audited by an independent registered company auditor. Copies are sent to local councils, libraries and the local media.

An annual return is also lodged with the Australian Securities and Investment Commission.

The annual general meeting is advertised in the press and members of the public are invited to attend.