COMPARE CHARITABLE GIVING OPTIONS

There are many ways to give to charity. The chart below compares our Gift Accounts to other options available to you.  

For more specific advice on how to meet your personal charitable giving goals, contact The Gift Trust on (04) 391 4438.




A Gift Trust Gift Account
Establish a Private Foundation
Direct cash donation
Consider this when You want a simple giving solution with low costs and the potential to grow your charitable assets tax-free over time. You want to operate a charitable organisation and potentially employ staff, hire investment managers, and actively manage grant-making. You want to make one-off donations and manage your own donation receipts at tax time.
Organisations you can support Any registered New Zealand charity. Many organisations and individuals (through scholarships) as long as it's for charitable purposes. Public charities, private foundations and individuals.

START-UP

Free online setup
Start-up time
Immediate
1 to 3 months
N/A
Start-up costs
None
Can require substantial setup costs (legal & personal time)
N/A
Practical minimum size
Start from $5,000+
Min. $1 million + recommended
$5 (for tax credit eligibility)
Free online setup
Fundraising intermediaries may charge fees.

ADMIN

Ongoing admin
Recommend grants to favourite charities. All other admin provided by The Gift Trust.
Manage assets, keep records, select charities, administer grants, file returns, maintain board minutes, etc.
Collate donation receipts at end of year and respond to future donation requests.
Annual admin fee
1 - 2% fee p.a (lower fees for gift account over $1 million).
Depends on admin and staffing – approximately 2-4% depending on the size of the fund (including end of year accounts and audit requirements).
N/A
requires annual collection of gift receipts.
Responsability
The Gift Trust completes all reporting under its charitable status.
Private foundation board of trustees assumes full responsibility and risk.
N/A.

TAX + INVESTMENTS

Tax-exempt status
All donations made to a Gift Account eligible for tax credit.
Must establish a private foundation and register for charity exemption.
Donations only to registered charities are eligible for tax credit.
Donor control + investment
Donor makes grant recommendations and provides advice on investments of funds.
Donor retains complete control over investments and grant making, limited only by trust deed. Must research and manage own investment vehicles.
Choose charities and gift as they like.
Investment growth potential
Tax on investment income
None
None
N/A

EXTRA

Donor Anonymity

Limited. Trustees are named publically on the charities register.
If you wish to get a tax donation receipt, you must provide your name.
Ability to name successors, leave legacy
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