Australian Sports Foundation – Tax Deductible Donations to Cromer Golf Club
The Australian Sports Foundation was established by the Federal Government in 1986 with the mission to raise money for Australian sport.
For over 30 years it has helped clubs and organisations from the grassroots and community level, to professional and elite national level, and individual athletes to fundraise for sport. It has helped raise over $300 million in additional funding for Australian sport which has resulted in more opportunities for people to participate in sport at all levels.
The Cromer Golf Club has registered its Course Improvement Program with the Australian Sports Foundation. This allows tax deductible donations to be made towards the program.
How can you leave a bequest?
Many people take the opportunity when making or updating a will to give something to an organisation or sport that they have enjoyed their life. Typically there a 3 ways they have chosen:
- They have nominated a % of their estate.
- They have nominated a fixed amount.
- They have nominate to leave any residual not bequested.
- A suggested form of bequest should you wish to leave something towards golf development programmes at the Club is:
“I give and bequeath the larger of either the sum of $ ________ or ______% of my estate, free of all deductions to Cromer Golf Club Ltd (ABN 22612147077) to be utilised for golfer development programs (i.e. Juniors or new players) and the receipt by any one of the Directors for the time being of Cromer Golf Club Ltd shall be sufficient discharge to my Trustees.”