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| ROTARY AUSTRALIA WORLD COMMUNITY SERVICE LIMITED (RAWCS) |
Financial donations to RAWCS are generally in three categories, namely:
1. Donations to fund administration costs which are (currently) primarily received from Rotary clubs for the sale the RAWCS badge stickers to members, and
2. Donations by clubs or individuals towards RAWCS projects for purposes including disaster appeals and purchase of materials for projects overseas. “Rotary Australia Overseas Aid Fund” (ABN 21 388 376 554).
3. Donations by clubs or individuals towards RAWCS projects for purposes including disaster appeals and purchase of materials for projects within Australia. “Rotary Australia Benevolent Society" (ABN 54 563 288 318).
The Board resolved that from 1st July 2012 a uniform levy of 3% on all funds received for administration expenses will be applied.
Donations to Fund Administration
Donations to fund administration should be sent direct to:
Garry Gunnell
RAWCS Treasurer
P.O. Box 807
Strathfieldsaye, Vic 3551.
Please include the address of your Club so that Garry can send you a receipt.
Donations for Project Materials
Donations for project materials and travel can either be sent direct to the RAWCS Treasurer, Gary Gunnell or, preferably, paid direct to the RAWCS Account with the Westpac Bank.
Rotary Australia Overseas Aid Fund (ABN 21 388 376 554)
Account Name: Rotary Australia Overseas Aid Fund
BSB: 033 688
Account Number: 102902
SPECIAL NOTICE:
With any direct deposit please also send a confirmation email to RAWCS Treasurer, Garry Gunnell - gunnell1@bigpond.com with full details of project and name and address of donor.
CHEQUES:
Please note the correct account name - "Rotary Australia Overseas Aid Account". Banks are now applying very strict rules regarding third party cheques and may refuse to accept cheques not made out to the correct account name.
If the cheque has been sent direct to Garry Gunnell, please enclose the following details with the cheque:
1. the purpose to which the donation is to be put and
2. the club address to which the receipt should be sent.
Garry will issue a receipt direct to the donating Club.
When the cheque has been paid to the account, please send an email to the RAWCS National Secretary, Gary Gunnell Email to Gary Gunnell advising him of:
1. the donation amount,
2. the purpose to which the donation is to be put and
3. the club address to which the receipt should be sent.
Gary will issue a receipt direct to the donating club.
DONATIONS OF EQUIPMENT - TAX DEDUCTIBLE
Donations of equipment for overseas projects can be made tax deductible by following these procedures:
Obtain a written statement from the donor company on their letter-head giving a full description of the equipment, serial number etc., if known, and the value at "Written Down Value" at the time of donation, signed by the accountant or financial controller of the company. The RAWCS Treasurer will then issue a Tax Receipt.
INDIVIDUAL DONATIONS TO RAWCS
Any individual may make a TAX DEDUCTIBLE donation to RAWCS "Rotary Australia Overseas Aid Fund".
(ABN 21 388 376 554) - for PROJECTS OUTSIDE AUSTRALIA.
OR
Any individual may make a TAX DEDUCTIBLE donation to RAWCS "Rotary Australia Benevolent Society" (ABN 54 563 288 318) - for PROJECTS WITHIN AUSTRALIA.
Forward cheques to:
RAWCS Treasurer, Garry Gunnell
P.O. Box 807
Strathfieldsaye, Vic 3551.
Mark clearly on the back of the cheque the name of the donor, address, club, district and name of project (if required).
Garry will reply with an official receipt.
In November 2012, the Australian Government established the new Australian Charities and Not-for-profit Commission (ACNC) to ensure that entities that are endorsed as a tax concession charity and as deductible gift recipients comply with their classification as a charity and that they comply with the tax law and accounting standards.
The Board of RAWCS has also been requested to issue written guidelines to volunteers on the deductibility of donations to the Overseas Aid Fund where the OAF has entered into an arrangement to incur expenses for the benefit of the donor.
The Board of RAWCS has reviewed the tax deductibility of donations to the Overseas Aid Fund from volunteers claiming equivalent amounts for airfares and other expenses from the OAF to undertake projects overseas.
The Board now believe that these donations do not qualify for tax deductibility under the current taxation laws and therefore the Board has directed that RAWCS cease issuing tax deductible receipts for donations from 1st July 2012 where the donor seeks to derive any form of benefit from the donation.
Basicly, volunteers cannot claim tax deductibility for any travel expenses to and from a project overseas.
The Board will continue to make representation with government in an effort to allow volunteers to receive tax deductibility for expenses they incur.
• Large donations by Private Ancillary Funds will expect regular reporting and full accountability at the end of the project.
• Private Ancillary Funds and large corporations will be seeking to be recognised as good corporate citizens and will need appropriate publicity for their support of RAWCS projects.
• The implementation of The Rotary Foundation's Grants Plan is likely to see an increased number of projects channelled through RAWCS and this will require full accountability to the District and the Foundation.
• RAWCS National will become self funding and not rely on contributions from Regions.
David Meller PP PHF
Rotary Club of Strathmore
Southern Region Co-ordinator Rotary International of DIK
Ph: (03) 9379 3577
Mob: 0409 165 553
e-mail: dmeller@optusnet.com.au
Tony Thomas (Alicia) |
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