Making Donations to GALFA

Funding types

There are two types of fund to which donations can be made, the Public fund and the Charitable fund.

The Public fund is established to accumulate donations from people, businesses and organisations.  The fund is set up to give the donor tax deductibility for the donation (‘donor gift recipient’ DGR status).  Moneys earned from investment of this fund will be distributed to organisations which also have DGR status and who meet the mission of the foundation.

The Charitable fund is established chiefly to receive bequests (from a will), but also other donations.  The charitable fund is not able to give the donor tax deductibility for their donation/bequest.  Moneys earned from investment of this fund will be directed to organisations and groups for charitable purposes (which can include, but is not restricted to organisations with DGR status).  The accepted interpretation of charitable purposes include activities such as:

• The relief of poverty
• The relief of the needs of the aged
• The relief of sickness or distress
• The advancement of religion
• The advancement of education
• Other purposes beneficial to the community (Animals, Culture, Defence & Public Order, Environment, Health, Indigenous Persons, Industry, Commerce & Agriculture, Locality or Neighbourhood, Moral Improvement, People with Disabilities, Public Works & Utilities, Research, Science, Unemployment, Young Persons)

Becoming a donor

Please complete a donor registration form FOUND HERE>>.

Your details will be kept strictly confidential. As a donor you will be kept informed of GALFA events, funding rounds and grant outcomes.

Making donations to the Public Fund

Donations to the Public fund should be accompanied by a donor registration form if you are a new donor.

Donations can be made in the following ways:

·    by cheque payable to Gay and Lesbian Foundation of Australia

·    using electronic funds transfer (EFT)

To the account of GALFA.
     BSB number: 083-170; Account number: 811639991
     NAB, 129-135 Elgin St, Carlton, 3053
     Please enter your name online when you pay by EFT

·    by credit card through the ‘our community’ website

http://www.ourcommunity.com.au/galfa
 

Arranging a bequest

There are several ways that you can make a bequest:

1. A pledge of a percentage of your estate

You can provide for a percentage of the residue of your estate, for example 5% or 20% or 50%, to come to GALFA. This allows for growth or reduction in your estate and would not disadvantage your other beneficiaries.

2. A fixed cash amount

This does not allow for a change in the value of your estate, or for inflation will erode the value of a fixed amount.

3. A life insurance policy

You could nominate GALFA as the sole beneficiary of your life insurance policy, or you could make the bonuses of your policy payable to GALFA

4. Items of value

You could leave items such as shares, property, paintings to GALFA

5. A life interest clause

You could make a bequest to GALFA to take effect after the death of your partner. In this way they would benefit from your estate for as long as they lived.

Bequest wording suggested

You can pass the following wording on to your solicitor to assist you in preparing your Will:  

"I bequeath to Gay and Lesbian Foundation of Australia for the purpose of the good and betterment of Lesbian, Gay, Bisexual, Transgender, Intersex people and allied communities, in Australia (a specified sum), or (specified items), or (the residue of my estate) free of all duties, and the receipt of the Secretary or other authorised officer for the time being shall be a complete and sufficient discharge for the executor(s)."