The Foundation is registered under the Commonwealth Corporations Act 2001 and operates within the constraints of relevant tax and company legislation. The Foundation was lanuched in 2004 and was granted Deductible Gift Recipient (DGR) status by the Australian Taxation Office shortly after.
Donations from donors wishing to receive a tax deduction are pooled with other tax deductible funds and invested separately as the income from these funds can only be distributed as grants to not-for-profit organisations that have deductible gift recipient status.
Income derived from donations that did not attract a tax deduction can be distributed to a wider range of community organisations.
