Close Search
 
MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  |  Fundraising

Trust Fund Demand from Charities Soars


20 February 2014 at 11:27 am
Staff Reporter
Financial services company, Equity Trustees says it distributed more than $14.5 million last year to charities on behalf of the 206 charitable trusts it manages, as demand from Australian charities soars.

Staff Reporter | 20 February 2014 at 11:27 am


0 Comments


 Print
Trust Fund Demand from Charities Soars
20 February 2014 at 11:27 am

Financial services company, Equity Trustees says it distributed more than $14.5 million last year to charities on behalf of the 206 charitable trusts it manages, as demand from Australian charities soars.

“The number of requests for grants from charities is on the rise, and the ratio of the funds requested against the income we have to distribute is around 8:1. This situation is increasing, not decreasing,” the Head of Philanthropy at Equity Trustees, Tabitha Lovett said.

The charitable trusts managed by Equity Trustees total more than $490 million in value and are comprised of private ancillary funds, public ancillary funds (including the EQT Foundation) and testamentary or ‘will’ trusts.

“While government and private sector funding for charities can ebb and flow, the proceeds from perpetual charitable trusts, such as those managed by Equity Trustees, continue to be distributed, regardless of the financial climate or government funding priorities.

Lovett says the funds available for distribution each year depend upon the investment returns of the existing perpetual trusts and the number of new trusts that are set up.

“In the past 10 years many new philanthropic trusts have been established, as more and more people see the benefit of giving during their lifetime.

“This reflects people’s increasing interest in actively supporting the community sector and because of an increasing awareness of the various options available for establishing a perpetual foundation or legacy,” Lovett said.

“The charitable trusts vary significantly in size and scope, and support a range of issues such as medical and scientific research, environmental protection, children’s charities, educational causes, animal welfare and disaster relief.”


Staff Reporter  |  Journalist  |  @ProBonoNews


PB Careers
Get your biweekly dose of news, opinion and analysis to keep you up to date with what’s happening and why it matters for you, sent every Tuesday and Thursday morning.

Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers? Get in touch at news@probonoaustralia.com.au or download our contributor guidelines.


Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Crowdfunding for the long term

Wendy Williams

Wednesday, 30th September 2020 at 6:50 pm

The Aotearoa COVID-19 experience

Contributor

Wednesday, 30th September 2020 at 6:38 pm

‘Things will get worse before they get better’

Wendy Williams

Tuesday, 29th September 2020 at 8:33 am

Fewer Aussies give more to charities

Maggie Coggan

Monday, 28th September 2020 at 4:58 pm

pba inverse logo
Subscribe Twitter Facebook
×