Tasmanian Community Foundation Tasmania Australia
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Foundation

What is a Community Foundation

An independent philanthropic organisation working in a specific geographic area.
By attracting tax deductible donations to its Public Fund, it builds a capital base known as the corpus - a body of money that is kept in perpetuity.
This provides a permanent and growing source of funding to the community with the interest on the corpus returned as annual grants.
In addition, the community foundation via the Open Fund can also attract funding which will flow through to support charitable purposes.
Tasmania has a proud history of responding to others in times of crisis or acute need.
However, there are chronic issues that need attention.
The Tasmanian Community Foundation can assist any citizen prepared to work with others to achieve a positive change for their group or their community.
Financial resources are available from the Foundation to support eligible projects that aim to strengthen or develop local communities.
The Tasmanian Community Foundation Public Fund has been endorsed by the Australian Taxation Office as an Income Tax Exempt Charity and Deductible Gift Recipient (DGR).
Donations and bequests to the Public Fund are fully tax deductible. Gifts in kind, such as shares or real estate, are exempt from capital gains tax and Tasmanian stamp duty. The Community Foundations Open Fund is Income Tax Exempt.
The Foundation aims to continue to be an excellent information resource on funding and development of community projects.
To offer excellent mentoring and networking opportunities through the goodwill of all people spanning the public and private sectors in the State.
Building this network works both ways - those helped may be able to then help others by way of advice, mentoring, 'door-opening', or financial donation.