WA Community Foundation

Made up of nominated local community representatives, the groups role is to grow the endowment and seek and recommend initiatives and programs for support through the fund distribution program. Advisory committee members may provide assistance in relation to promoting gifts, hosting fundraising events or facilitating bequests within their community.

Asset
Money, stock, bonds, real estate or other holdings of value belonging to a person or organisation.

Bequest
A legacy or gift which is given or left to another by Will, often in the form of money, shares or personal property.

An entity established to provide grants for purposes deemed charitable by the Australian Taxation Office. Contributions to a charitable entity are non-tax-deductible.

A community is any group with a common purpose, such as a geographical location, cause or interest group.

A pool of funds held within a Western Australian Community Foundation trust, with a defined purpose of being used to support projects that build community capacity through charitable purposes.

Challenge Grant
A grant or gift made with the specification that the amount contributed be matched dollar-for-dollar, or another prescribed formula.

Discretionary Donation
A gift which is distributed according to the judgement of the Trustees, rather than having a predetermined use.

A charitable insitution in certain DGR categories, such as those organised for the direct relief of poverty, sickness, suffering, distress, misfortune, disability or helplesness. A doing DGR is also one that has been granted a 'specific listing' by the Australian Federal Government.

Donor
A person, group or organisation that gives money or goods to another.

Endowment
A gift or donation, the body of which is invested permanently, with the return on investment used to make grants to a community.

Fund
A sum of money saved, collected or provided for a particular purpose.

Grant
A sum of money given with the explicit intent of supporting a particular project.

Formerly known as an Income Tax Exempt Charity (ITEC), a TCC charity is endorsed by the ATO to access one of more of the following concessions: income tax exemption, GST rebate/exemption, FBT rebate/exemption

Philanthropy
Giving money, food, goods or services free to those who are in need, or any organisation which is established to provide money or help in this way.

Scholarship
An amount of money given by an organisation to pay for the studies of a person.

Trust
An amount of money or property that iis being legally controlled for the benefit of a person or organisation by another person or organisation. Trusts can be charitable or attract deductible gift recipient status from the ATO.