Stand Like Stone

• Agri-Links Donation – is used to give grants that raise awareness of Mental Health throughout the Limestone Coast. 
• Penola Coonawarra Wellbeing Donation - is used to give grants to charitable projects that benefit the well being of the Penola Coonawarra area.  More information on the Penola Coonawarra Wellbeing Donation is available by clicking here.
• Beachport Donation - will be used to give grants to charitable projects that benefit the Beachport community.
• Keith and District Hospital Future Fund - will build a substantial endowment to provide a sustainable source of funds to benefit the Keith and District Hospital.  More information on the Keith and District Hospital Future Fund is available by clicking here. 
• Memorial Donation Sub Fund - Often family and friends want to do something special to remember someone close to us who has died and honour their memory.  A Memorial Donation to the Stand Like Stone Foundation is a thoughtful way to remember someone, and at the same time will support charitable projects and educational scholarships in the Limestone Coast.  Click here to read more about giving a Memorial Donation.
• Focis on Youth Scholarship and Sub Fund - to asist people, identifying with the Limestone Coast region, to gain the skills, experience and professional guidance that will assist them to successfully participate and transition through school to further education, training and employment, with a particualr focus on young people in the more rural and remote areas of our region.
• L M Woodruff Memorial Scholarship – provides scholarships to assist young women in identifying with the Limestone Coast to undertake a nursing career at any level.  Mrs Woodruff’s family honoured their mother by establishing the Sub Fund.  The scholarship recognises Mrs Woodruff’s work as a nurse as well as the caring and dedicated nursing Mrs Woodruff received during her time at Boandik Lodge. 
• Mount Gambier High School Scholarship – gives educational scholarships to students attending or enrolling at Mount Gambier High School.  This Sub Fund has been created by old scholar Brian Page who has a desire to provide real support to students and to inspire other old scholars to support the School.   
• Penola Coonawarra VITITEC Scholarship - will be used to provide a scholarship for people residing (or intending to reside) in the Limestone Coast to further their experiences and knowledge in viticulture.  This scholarship was created from surplus funds when VITITEC was wound up. 
• de Nys Family Memorial Scholarship - provides scholarships awarded on reasons of equity for students from low-income or needy families identifying with the greater Mount Gambier area.
• Keith Area School Scholarship – gives educational scholarships to students attending or enrolling at Keith Area School. 
• Kingston Community School Scholarship – gives educational scholarships to students attending or enrolling at Kingston Community School. 
• L T O'Connor Music Scholarship - provides scholarships for people identifying with the Limestone Coast or residing or intending to reside in the Limestone Coast to further their experiences and knowledge in music, particularly jazz music. 

• Answer: First, by building an endowment, donors can support an issue or an organisation over a long period of time.  Having a sub-fund with the Stand Like Stone Foundation helps develop a more planned and strategic approach to giving.  Second, while charitable organisations come and go, Stand Like Stone’s structure ensures longevity.  Stand Like Stone can distribute to a specific area of interest or community through any number of charitable projects over time.
  
  In addition, as community needs change, Stand Like Stone will change to meet those needs. Donors can always be assured that Stand Like Stone is drawing on its community knowledge and utilising its networks to ensure they are receiving the best advice as to how to address disadvantage and meet emerging community needs.

• Answer: You can establish a named Sub Fund immediately, with an understanding that you will seek to build the Sub Fund) over three years to $15,000. There is no upper limit.
  
  Stand Like Stone welcomes donations of all sizes – every donation makes a difference.  Smaller donations are pooled with others to have a greater impact in meeting local needs.

• Answer: Yes. Donors have the ability to donate to both a tax deductible fund, the Public Ancillary Fund and Educational Scholarship Fund and a non tax deductible donation to the Open Fund.  All earnings are exempt from tax.

• Answer: When establishing a Sub Fund, donors can identify their areas of funding interest and work with Stand Like Stone to identify organisations and charitable projects that they would like to support, to address those areas of interest.
  
  Whilst the Board encourages input from donors regarding their intentions, under Australian Taxation Office ruling governing the operation of community foundations, the trustee's are unable to delegate any decision-making in relation to funds distribution, therefore the final decision remains the responsibility of the Board.
  
  However, given Stand Like Stone’s commitment to meeting a diverse range of community needs, we always work with our donors to help you fulfil your charitable and philanthropic objectives and ensure the most mutually satisfactory outcomes.   

• Answer: Stand Like Stone communicates regularly with all our donors.  There are bi-monthly email newsletters and twice yearly reporting on grant making opportunities.  Annually you will receive a statement for your Sub Fund.  This identifies donations to and grants from the Sub Fund and calculates the income available for distribution. 

• Answer: It is a requirement of the ATO that a minimum of 80% of the total income from the Open Fund and Educational Scholarship Fund, in each financial year, is distributed in grants and scholarships. 
   
  It is a requirement of the ATO that during each financial year, the Public Ancillary Fund distributes at least 4% of the market value of the fund’s net assets, as at the end of the previous financial year.
   
  This is calculated at the consolidated fund level - not at the individual Sub Fund level.  Because we have range of donors with varied giving patterns, it creates flexibility for other donors to accumulate and grow their funds for a period of time, without giving grants and scholarships.  However, should this change in any given year, we may need to ask these funds to distribute in order to achieve distribution requirements. 

• Answer: It is incredibly efficient and cost effective to have a Sub Fund with Stand Like Stone.  As a community not-for-profit organisation, we try very hard to keep the costs as low as possible in order to maximise the value of the endowment and the funds available for grant making.  Stand Like Stone charges an annual administration fee of a maximum of 2% per annum of average capital of each Sub Fund.  There are no start-up costs, and all the donor services (research, community engagement, grant making administration, reporting and financial and investment management) are included in this single fee.  In order to achieve these low costs, Stand Like Stone receives pro-bono support from a range of partners and is well supported by our sponsors.

• Answer: That's up to you. You can receive recognition for your generosity, or absolute anonymity.  You can also choose the level and profile of your involvement.

• Answer: Stand Like Stone brings people and organisations together to create a perpetual source of locally held funds (a permanent endowment) as well as a body of knowledge about community issues and needs.  The permanent endowment is invested over time to create a growing and sustainable source of funds for grant making to assist build the social capital of our community.  This means that we can continue to support our community long term and meet the needs of future generations.  As the ATO requires the Public Ancillary Fund during each financial year to distribute at least 4 per cent of the market value of the fund’s net assets only part of the capital donated to the fund is able to be preserved in perpetuity.

Question: How easy is it to become a Stand Like Stone donor?

• Answer: Very.  Stand Like Stone offers a range of options from starting a Sub Fund, to making a general donation to the community fund and leaving a bequest.  It is very easy to establish a Sub Fund within Stand Like Stone.

Question: How do I ensure that my donations to Stand Like Stone are used effectively?

• Answer: All our donors have access to Stand Like Stone’s significant community and grant making knowledge.