Heritage Bank Charitable Foundation receives $1 million donation to help people in need
Learn morePlease be aware of the “Flubot” scam targeting mobile phones across Australia. Learn more.
2021 News
Heritage Bank Charitable Foundation launches Sub-Funds!
13 May 2021
Take the next step with your charitable giving by starting your Heritage Bank Charitable Foundation “Sub-Fund”. A Sub-Fund could be the perfect philanthropic platform for you to make a difference, both now and well into the future. We can help you create your legacy.
The Heritage Bank Charitable Foundation may be able to assist you if you’re seeking to achieve the following:
- Reduce your taxable income;
- Create a philanthropic giving platform that could effectively help people in perpetuity; and
- Start a legacy your family and future generations will be proud of.
As a Public Ancillary Fund, the Heritage Bank Charitable Foundation is able to create charitable “Sub-Funds”.
How Sub-Funds Work
You create a Sub-Fund by way of a fully tax deductible donation to the Heritage Bank Charitable Foundation. Your Sub-Fund is then invested as part of the entire fund, with the aim of producing income for annual distributions to Deductible Gift Recipient (DGR) item 1 charities of your recommendation.
A Heritage Bank Charitable Foundation Sub-Fund can be started with a $5,000 donation, pledged to reach $20,000 in four years’ time.
Why the Heritage Bank Charitable Foundation
While we are separate entities, the Heritage Bank Charitable Foundation has the full support of Heritage Bank, one of Australia's largest customer-owned banks, and one of the oldest financial institutions in the country. Heritage Bank is based in Toowoomba, with origins that go back to 1875 and the formation of the Toowoomba Permanent Building Society.
There are no set-up fees or on-going costs to create a Heritage Bank Charitable Foundation Sub-Fund. Heritage Bank funds all operational costs of the Foundation, ensuring all donations received and investment income generated is used to fund its vision of growing stronger communities, together.
Sub-Funds are a well-established form of structured giving in Australia. According to a 2019 survey conducted by the Centre for Social Impact and Swinburne University of Technology in the 2017-2018 financial year, there were at least 1,995 Sub-Funds in Australia holding assets of just over $1 billion and distributing an estimated $57 million through grants.1
Sub-Funds are a well-established form of structured giving in Australia. According to a 2019 survey conducted by the Centre for Social Impact and Swinburne University of Technology in the 2017-2018 financial year, there were at least 1,995 Sub-Funds in Australia holding assets of just over $1 billion and distributing an estimated $57 million through grants.1
To learn more about Heritage Bank Charitable Foundation Sub-Funds visit our information page online.
If you would like to discuss how you could benefit from setting up a Heritage Bank Charitable Foundation Sub-Fund, we would be more than happy to speak further with you. Please do not hesitate to contact the Foundation on 13 14 22 or email charitablefoundation@heritage.com.au.
[1] Seibert, K, 2019, ‘Snapshot of Sub-Funds in Australia’, CSI Swinburne Research Brief, <https://probonoaustralia.com.au/news/2019/03/sub-funds-growing-force-australian-philanthropy/>
Latest news
Alpine Refrigeration cements long-term commitment to Toowoomba with $60K donation to create community fund
Learn moreHeritage Bank announces merger opportunity with People’s Choice
Learn more about this non-binding agreement to explore a merger opportunity.
Learn more
Heritage Bank Charitable Foundation provides a second round of $90,000 in grants for charities
Learn moreBundaberg Branch Manager Visits Youth Insearch
A heartwarming story about Youth Insearch and a visit from, Heritage Bank Bundaberg Branch Manager Gina.
Learn more
HBCF Heartbeat May 2021 Edition
Welcome to the first edition of the Heritage Bank Charitable Foundation’s Heartbeat.
Learn more
Heritage Bank Charitable Foundation launches Sub-Funds!
Take the next step with your charitable giving by starting your Heritage Bank Charitable Foundation “Sub-Fund”.
Learn more
Teams answer trivia fundraising challenge
The excitement of announcing our first-ever round of grants carried over to hosting a unique trivia fundraiser.
Learn more
Beneficiaries of COVID-19 Kick Start grants announced
We've celebrated a landmark occasion by announcing the nine Australian charities who will share in $90,000 as beneficiaries of its first-ever round of grants.
COVID-19 Kick Start Grants Now Open
Our first-ever round of grants will see $90,000 being made available to help smaller charities hit hard by COVID-19 to continue their good work.
Learn more
Welcome to Executive Officer Mr Paul Olds
The Heritage Bank Charitable Foundation is pleased to welcome Mr Paul Olds as its inaugural Executive Officer.
Learn more
Generous donation from QBE
In a great display of Christmas spirit, QBE’s Lenders’ Mortgage Insurance arm has made a generous contribution to the Heritage Bank Charitable Foundation.
Learn more
Renowned painter donates pieces to support cause
Internationally renowned speed painter Brad Blaze has helped raise money for the Heritage Bank Charitable Foundation.
Our Heroes Day Friday 28 June 2019
Branches across the Heritage Bank network celebrated the Heritage Bank Charitable Foundation becoming operational by channeling their heroes.
Learn more
We can now accept donations
The Heritage Bank Charitable Foundation is now able to accept donations - and community members have been urged to assist people in need by throwing their support behind it.
Learn more
Meet Our Director Ms Christine Maher
Ms Maher is a former partner of Corrs Chambers Westgarth, Lawyers and an experienced non-executive director.
Learn more
Meet Our Chairman Mr Bill Armagnacq
Mr Armagnacq brings extensive board and corporate senior executive experience to the Heritage Bank Charitable Foundation.
Learn more
Meet Our Director Mr Paul Williams
Mr Williams brings more than 25 years’ experience in finance and property industries to the Foundation Board.
Learn more
Meet Our Director Mr Stephen Davis
Mr Davis has a long history of service to industry, community and sporting organisations in the Toowoomba region.
Learn more
Heritage Charitable Foundation Limited ATF Heritage Bank Charitable Foundation ABN 79 297 317 699.© Registered under the Collections Act 1966 (Qld)
Follow us
