Donations will be paid into the FOCIS Churchill Island Heritage Fund.
The purpose of the Fund is to help the Society address its principal purpose which is: The promotion of the moveable cultural heritage of Churchill Island.
The FOCIS Churchill Island Heritage Fund is an endorsed DGR (Deductible Gift Recipient) fund with the Australian Taxation Office (ABN: 78667051020).
The Fund is listed on the Register of Cultural Organisations maintained under Subdivision 30-B of the Income Tax Assessment Act 1997.
A donation to the FOCIS Churchill Island Heritage Fund is a GIFT which is freely given with no strings attached. This is a requirement of the Australian Taxation Rules concerning DGR Funds.
Once the gift has been made, the Donor cannot ask for a refund and the Society cannot provide a refund. This is a requirement of the Australian Taxation Rules concerning DGR Funds.
A Donor may express a preference on how the donation is to be used but the Committee does not have to act on that preference. If the Committee accepts a Donor’s preference as an obligation, the donation has conditions attached to it so it is no longer a Gift.
A Donor can only claim a tax deduction if the donation is a Genuine Gift.