Set up a named fund

What is a Named Sub-Fund?

A named sub-fund is an account used to collect or hold funds that generates income. The income is then dispersed to local charitable organisations.

A named sub-fund gives you the chance to provide community assistance at a grassroots and personal level. It is an efficient way of supporting your area of interest, charitable cause or to commemorate a special someone.

You can make a substantial ongoing impact within your local community by identifying your particular interest and supporting it with a financial commitment.

Setting up a named sub-fund is an easy way to involve a family or business in a meaningful and fulfilling philanthropic experience. Donations can be made at any time and many people can contribute. It is easy to follow a sub-fund’s progress. You can see firsthand the difference your contribution makes. It’s a wonderful experience to be involved in.A named sub-fund is a simple option for an individual or family who want to give in perpetuity without the cost and legal requirements of setting up a Private Ancillary Fund or Family Foundation.

It is also a great option for businesses wanting to be more active in their support of the local community. It can be a positive way to encourage staff development and involvement in giving.

All donations towards named sub-funds are tax deductible.

Why Create a Named Sub-Fund?

There are lots of reasons but some include:

  • Remember a loved family member in perpetuity;
  • Financially support activity in your specific area of community interest; and
  • Encourage staff to become more active participants within your community.

A Named Sub-Fund starts from as little as $2,000

An initial contribution of $2,000 will allow you to get your named sub-fund started with Border Trust. Depending on the value of your named sub-fund, you can request how the income earned is distributed. For example, you can ask to support a particular charity, cause or area of interest that is meaningful to you.

Your gift forms part of Border Trust’s Public Ancillary Fund and is not separate to other money in the Border Trust Public Ancillary Fund. We do all the hard work for you.

Funds are pooled for investment purposes. Named sub-funds above a certain amount may also provide input regarding the nature of how the funds are invested. This will influence the income available for future distribution.