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For a copy of the Trust’s
Multi
-year Donations Policyvisit
www.trustwaikato.co.nzCan you apply for funding more than once a year?
If your first application is not successful, then you can apply for a contribution to a
different purpose in later funding rounds. We strongly encourage you to phone one
of our donation advisors if your application is unsuccessful. They will be able to offer
guidance and advice.
Can you receive more than one donation per year?
Normally each community group is only eligible to receive one donation per calendar
year. However, groups which apply for the Significant Capital Projects Fund (in round
2 only) may also apply for a different purpose through the general donation rounds.
Please also read the Trust's Donations Policy regarding Multi-year Donations.
The donation must be spent for the purpose(s) for which it was donated. Ideally you
should have spent the previous year’s donation before applying again.
Can donations be for more than one year?
Trust Waikato also offers multi-year donations (2 or 3 years). Organisations must
meet additional criteria outlined in our Multi-year Donations Policy. Multi-year
donations will not usually be for amounts less than $10,000.
Does your organisation have:
• services that fit closely with Trust Waikato’s donation areas of focus, and
• funding needs for 2-3 years ahead, and
• a donations record with Trust Waikato for at least 3 consecutive years, and
• audited or reviewed financial statements with no significant qualifications.
Financial statements for large organisations (expenses more than $1million) must
be audited by a qualified auditor. Financial statements for all other organisations
applying for a multi-year donation must be reviewed by a qualified auditor.
If your organisation fits the multi-year donation criteria, you can apply for
a 2 or 3 year commitment. This can be done online on our
website or you can complete a paper application.
What about tax status and GST?
Trust Waikato donations do not attract GST; donations are
exempt from GST. We encourage organisations to become
recognised by the IRD as being tax exempt. Your organisation
may wish to register with the Department of Internal Affairs –
Charities, which will mean you are eligible for tax exempt status.
Visit these websites
f
or more information – www.charities.govt.nz ww w.ird.govt.nz