The value of an endowment fund, also referred to as a named sub-fund, is immeasurable. It honours the life, legacy, and achievements of an individual or organisation, preserving their story while creating meaningful impact. An endowment fund is a powerful way to give back, benefiting not only the donor but also the nursing community it supports. It represents a lasting legacy that continues to make a difference for generations to come.
ACN Foundation facilitates charitable giving and the distribution of funds across ACN’s programs and pillars that support nursing. One of the ways donors can contribute is by establishing an endowment fund, enabling a significant and enduring investment in the future of the nursing profession.
About endowment fund
An endowment fund is an account used to collect or hold funds that generates income. The income is then dispersed to activities within the ACN.
It gives the donor the opportunity to help nurses on a personal level. It is an efficient way of supporting your area of interest or to commemorate a special someone.
Setting up an endowment fund is a simple option for an individual or family who want to give in perpetuity without the cost and legal requirements of setting up a Private Ancillary Fund or Family Foundation. Donations can be made at any time and many people can contribute.
Why
There are many reasons, but some include:
Remember a loved family member in perpetuity
Financially support activity in your specific area of community interest
Encourage staff to become more active participants with your community
An endowment fund allows a person, family, business, organisation, or group of contributors to create substantial ongoing impact. This allows them to identify and support a particular interest with a financial commitment.
Benefits
Benefits of a named sub-fund include:
Perpetual funding
Minimal administration costs
Transparency
Experienced guidance on effective philanthropy
Documented history and reporting of the difference you’ve made to nursing
Compliance with regulatory charitable requirements
How endowment funds work
You can choose the name of your endowment fund and then you will work with the ACN Foundation on agreed details within a simple Memorandum of Understanding (MOU). Contributions are accumulated in your endowment fund and through the investment, income is generated. It is then available for distribution.
Distributions of income will be in accordance with the MOU but need to be within the parameters allowed by the Australian Taxation Office for tax deductible gifts.
Our impact
The ACN Foundation has significantly impacted the nursing profession and the broader Australian community. Our efforts have led to better health outcomes, enhanced professional opportunities for nurses, and a stronger, more resilient healthcare system.
Here are some of the ways we’ve contributed:
Ready to make a difference?
Your support is crucial in helping us continue our mission. Get in touch today and be a part of the change.