NAMED FUNDS

The Mackay Community Foundation makes it easy for organisations, individuals or families to support community projects in their area by establishing a Named Fund. A donation is invested with other trust funds but grants made from the donation are acknowledged as being made from the Named Fund. The original donation is never spent, but keeps on giving to the community long after the money or asset was donated.

A Named Fund is ideally suited to an individual, family or business wishing to provide support to a range of charities and community groups in our region, leave an ongoing legacy to the community, or honour a family member, friend or outstanding citizen. They are an alternative to Private Ancillary Funds (PAF) offering some very real benefits to the donor.

• Funds are referenced and acknowledged in the name specified by the donor. This can be in the name of an individual, partner, family, business or in memory of someone.
• The fund is named from the outset, although the initial minimum contribution can be made over a period of years.*
• The donor can participate in the fund as little or as much as they desire.
• Ongoing contributions, whilst not essential, are recommended at least for a few years.
• Donations to the fund are tax deductible where required.**
• Named fund donors are able to be involved in presenting grants from the fund if they wish.
• The fund continues into perpetuity, even after the donor’s passing.
• Donors may indicate a preference that a particular group or type of eligible projects benefit from its donation.
• By establishing a Named Fund with The Mackay Community Foundation, donors are ensuring that the local community will receive perpetuity grants from their fund, rather than a once off donation.

• The minimum contribution is $10,000 over three years.
  ** Where tax deductible gifts are received, conditions can apply limiting certain grant options.

Bank of Queensland Mackay City Fund
‘BOQ Mackay City has been an avid supporter of the Mackay Community Foundation for over 10 years via the BOQ Mackay City Named Fund. We actively contribute donations from our business and from the community, through the annual BOQ Mackay City Golf Day. One of the greatest benefits of the BOQ Mackay City Golf Day is that it has become a fantastic way to introduce other businesses to this worthwhile foundation and we enjoy seeing how momentum with small and medium sized businesses is building to grow the foundation. The motto of the Mackay Community Foundation ‘Give Where We Live’ completely aligns with BOQ Mackay City’s purpose and values of ‘providing more human, empathic experiences that help our clients and communities prosper’, and we are driven to support those in the community that have been so loyal and such great advocates of our business . The Mackay Community Foundation not only supports those vulnerable in our community today, but due to the nature of how the monies donated are invested, will also support the community of our future grandchildren.  We cannot wait to see the impact of these donations in 50 years’ time.’ 
Melissa & Jason Green
Owner Manager of BOQ Mackay City



Colin & Rhonda Meng
Colin & Rhonda Meng Family Trust have supported the Mackay Community Foundation for many years. In return I believe the community has always been very kind to our family. It is our belief if you support the area in which you live you will see the benefits throughout the district and have a more vibrant community who then participate in many more community activities which families can enjoy and raise there children in a realistic atmosphere. If families grow up within this atmosphere and a positive attitude to life Mackay will always be the best place to live in Australia. It is for this reason we ask all residents of the Mackay district to support the Mackay Community Fund.
Colin & Rhonda Meng



SH Tait & Co
SH Tait & Co is a local business with strong ties to the community. We have provided our clients, many of whom carry on businesses in the Mackay region, with accounting and taxation services and advice since 1924. We are proud to be supporter of the Mackay Community Foundation which is dedicated to supporting members of our community in need of a helping hand. 



John & Carol Palmer
Mackay Community Foundation is, we believe, the best way of giving where you live. With so many charities vying for donations and this money going anywhere around Australia, by giving to the Mackay Community Foundation, we know that we are supporting our region and those that are most in need in our own backyard. We also have enormous respect and trust in those administering this organisation and believe they do an amazing job in distributing the funds. We encourage everyone to support this very important organisation and keep this Foundation growing for the sake of our Mackay Community.
John & Carol Palmer