Frequently Asked Questions
Establishing a Charitable Trust Account - Commonly asked Questions and Answers
Why establish a charitable trust account?
• People often establish charitable trust accounts to honour a family member or to keep memories of a loved one alive
• The knowledge that your gift can grow and contribute to the health and wellbeing of those in need for years to come is immensely satisfying.
How do I establish a charitable trust account?
• Charitable trust accounts can be easily established for a modest initial donation
• Some charitable trust accounts are started with as little as $2000
• Charitable trust accounts can be started by individuals, companies, families or a group of trustees
Can I name my trust account?
• A charitable trust account can be set up in your own name, a family name or a business name
• If you prefer, you can remain anonymous
What are the benefits of starting a charitable trust account?
• There is no establishment fees
• All donations are 100 per cent tax deductible
• Friends, family and even your business can contribute to your charitable trust account
• You have a role in determining your legacy from the outset
• Your donation will keep on giving forever
How will my charitable trust account be managed?
• Your donation is carefully invested to generate income for distribution to charities
• You may indicate the preferred charities you wish to help or leave the decision to our panel of experts
All charitable trust accounts are managed by us with guidance from financial advisors. Our management fee is just one per cent per annum.
To find out more about establishing a charitable trust account for yourself, your business or local municipal area, contact Sandie Baskin, Charitable Trusts Advisor on 9633 0030 or sandie.baskin@lmcf.org.au
CREATE YOUR CHARITABLE TRUST ACCOUNT
Remember a loved one and give to your community forever.