Not all foundations are the same. ‘Foundation’ does not have a legal meaning in Australia. A Foundation could be:
Yes, but only for grants that relate to buildings.
In order to be a DGR, an educational organisation must be approved by the Australian Tax Office (ATO) as fitting under one of a number of DGR categories. These include:
Most philanthropic organisations are not-for-profit – any with charitable or DGR endorsement status would be. However, there would be some corporate philanthropics that, while they are called a ‘foundation, may actually just be a division of a company that is for profit.
In general, yes, service clubs are not-for-profits but status can depend on their Constitution. Not-for-profit means that the members/owners should not receive any of the net surplus from the organisation.
As long as the school meets the eligibility requirements of the not-for-profit funder, there should not be any further issues. The school will obviously have to meet reporting requirements (e.g. project outcomes, maybe an audited financial report etc).
There are three key ways:
You could start by looking at peak bodies who are not-for-profit. Your local council is also a good source of information, particularly in the area of social and environmental planning – this will help you place your project within the local context, which will be helpful in funding applications. Breakfast meetings run by councils provide great opportunities for networking.
This varies from fund to fund, but as general rule, this information is posted on the funder website. Check these dates carefully and ensure you know your deadlines and how applications will be accepted.
Funders look for prospective applicants that:
The terms ‘sponsorship’, ‘grant’ and ‘donation’ can get used in loose ways, which are not always technically correct. However, generally speaking, a grant is non-commercial in nature; a once only payment made for a specific purpose for which the successful applicant must account in full. In contrast, sponsorship is generally acknowledged as a marketing activity, in which the funder can see a tangible benefit in providing funds (e.g. a niche market; supporting their image as good citizens etc). A tax deductible donation must be a gift. Sponsorship is not a gift.