What is a Named Fund?
A Named Fund is a charitable fund you can set up at the Bass Coast Community Foundation. When you start a Named Fund, it’s like having your own foundation, but without all the hassles.
You Can
- set up a fund in 24 hours
- start with a tax-deductible donation of any amount
- have an immediate and ongoing impact on the vital needs of the community and the causes you feel passionate about.
- have the administration, finances, compliance, and governance managed for you – allowing you to focus on giving to make the biggest difference possible.
- create a lasting legacy for your family, the community and the causes you care about.
- honour the memory of a family member or loved one.
Start your own legacy
Starting your own named fund is a great way to get involved in philanthropy and make a real difference to your local community. We believe philanthropy is for everyone and have made setting up a charitable fund as simple and rewarding as possible.
You Can
- be up and running in a day
- start with any amount and build it up over time
- decide for yourself how much to give into your fund, what projects and causes to support, and how much is granted out beyond the minimum 4% required by our governing tax law.
Is it the right option for you?
- You don’t have the time or experience to start your own foundation and want to get started now.
- You are interested in personalised, high impact giving without the administrative burden.
- You want to address the vital needs of the community and causes you care about.
- You would like focused, informed advice about how specific community needs can be addressed.
- You would like a tax-deduction for donations and a simple structure to manage your giving.
You Can
- make ongoing contributions to a specific charitable beneficiary chosen by you
- support a range of initiatives and organisations over time
- set up a named fund for yourself, for your family, or through your business or workplace
So what are the benefits of Named Funds?
- They’re simple – with our support, you can focus on the granting while we manage the details.
- They’re flexible – you are able to direct grants to charitable organisations and causes of your choice.
- They have an impact – through grant assessment and reporting we ensure grants are effective.
Our Support
To make giving as simple, rewarding and effective as possible, when you start a Named Fund we provide access to:
- An online secure web link for donating to your fund, so you (and others) can conveniently make donations to the Named Fund at any time.
- Progress reports; a Grant Report from the recipient for each distribution made.
- Our network; invitations to special events with like-minded people to hear from leaders in philanthropy and social impact.
- The Bass Coast Community Foundation Annual Report; the full overview, including stories of our donors and projects.
But I’m just an average person really, I couldn’t be a philanthropist, could I?
Yes, you can. Giving in a thoughtful, effective and rewarding way is now possible for just about everyone. Each fund that has been set up with the Bass Coast Community Foundation has come about for different, very personal reasons, with varying initial donation amounts. We have funds ranging from a few thousand dollars to hundreds of thousands. This is philanthropy for everyone.
The collective power of a community giving generously is unbeatable.
Generosity is our individual power to make a positive change in the lives of others and is a fundamental value we can all act on.
