What are the eligibility criteria for applying for a Community Grant?
As a Private Ancillary Fund, nib foundation is bound by Australian taxation law and its Trust Deed as to the type of organisation that grant funding can legally be provided to.
To be eligible to apply your organisation must be either an endorsed Deductible Gift
Recipient (DGR) Item 1, or be specifically named as a DGR in Subdivision 30-B of
the Income Tax Assessment Act 1997 (ITAA 97).
You must also have Tax Concession Charity (TCC) status or if you are
not a charitable DGR, you must be an 'exempt entity' [i.e., being exempt
from income tax under section 50-1 of the ITAA 97]. TCC status was
formerly called Income Tax Exempt Charity (ITEC) status.
Government's Australian Business Register has an ABN lookup facility online that enables you to search
your organisation's name or ABN and see whether it is endorsed as a DGR Item 1
You should check that your organisation has:
- A copy of the applicant organisation's "Endorsement as a
Deductible Gift Recipient" issued by the Australian Taxation Office
(ATO), OR the item number in which the applicant organisation is named
in Subdivision 30-B of the Income Tax Assessment Act 1997; AND
- A copy of the applicant organisation's "Notice of Endorsement for
Charity Tax Concessions" issued by the ATO on or after 1 July 2005.
This notice will describe your organisation as a charitable institution,
charitable fund, public benevolent institution or health promotion
charity. If you are not a charitable DGR, you must provide documentation
from the ATO to evidence that you are an 'exempt entity'.
nib foundation cannot make grants to other ancillary funds. If your
notice of endorsement as a DGR states the "Provision for gift
deductibility" is "item 2 of the table in section 30-15 of the Income
Tax Assessment Act 1997", your organisation will be an ancillary fund
and therefore not entitled to receive grants.
All organisations applying to the foundation must also advise their
ABN. More information about DGR and TCC status can be obtained from the ATO Non-Profit Organisations website which includes advice on who is
eligible to obtain DGR status and how to apply.