Sub-fund Establishment Form

Thank you for choosing the Elston Giving Foundation.

Establishing a sub-fund is easy. Simply scroll down the page and type your responses in each section. Once you’ve filled all the boxes and submitted the form, you will receive instructions on how to make your initial donation with BPAY, a bank transfer or cheque.

As soon as your donation has been cleared by our accounts department, we will be in touch with a welcome email and a copy of your tax receipt.

If you need any help filling out the form, please call 07 3211 9555 or email

Please Note

This form cannot be saved. You will need to complete it in one sitting. However, it should only take a few minutes.

1. What would you like to call the sub-fund?


The sub-fund name you choose can be inspired by your family name, a person or place that is meaningful to you.

Dos and Don’ts

You can’t use words like ‘trustee’ or ‘foundation’ in the name. But you can use words like ‘gift’, ‘bequest’ or endowment.’

Why the name matters

Unless you have requested anonymity, when a grant is made, we will tell the charity that the donation was made at the recommendation of the sub-fund.

2. Your donation

An initial donation of at least $25,000 is required to establish a sub-fund in the Foundation. After that, you can make top-up donations of $1,000 or more.

Any person can donate into the sub-fund. Donations are irrevocable. They are also tax deductible, and this deduction can be claimed immediately or over five years. For specific tax advice, be sure to check with your professional adviser.


3. Sub-fund holders

Sub-fund holders can:

  • Access information about the sub-fund's activity
  • Recommend grants from the sub-fund
  • Nominate additional sub-fund holders and successors

Please nominate your key contact for the sub-fund. Any correspondence arising from the sub-fund's activities and the Elston Giving Foundation will be sent to the person you have nominated as your key contact.

The sub-fund holder key contact is

4. Professional advisers

By nominating your adviser as a contact, you are giving them access to correspondence only. They have no authority to transact on the sub-fund. If you want your adviser to have the authority to transact, please return to the “adding sub-fund holders” section and nominate them there.

5. Succession planning options

It’s important to have a succession plan that can be actioned in the event of death or incapacity of sub-fund holders.

Please note

You are not required to complete this section to establish your sub-fund. You can provide a succession plan after your sub-fund has been established.

There are three succession plan options outlined here for you. You can select one of these options now or instruct us later.

Option 1

Recommend one or more successors to serve as the sub-fund holders.

Option 2

Recommend a grant-making program that can continue beyond your lifetime.

This option lets you set up an annuity-style legacy. If you choose this option, we will talk to you about the way you would like the trustee to manage the grant-making process, charities to be supported and minimum percentage distributions each year.

Option 3

Recommend that your sub-fund be closed and the balance be distributed to charity.*

You will need to specify which charity you are recommending. If there’s more than one charity, please nominate the percentage of your sub-fund balance that should be distributed to each.

*All recommendations of charitable recipients are subject to the approval of the trustee. The trustee can only approve grants to Deductible Gift Recipient Item 1 entities.

6. How did you learn about the Elston Giving Foundation?

Did you find us in an online search, or were you given a referral by a friend? We’d love to know how you heard about our Foundation. It could help us to spread the word and get more people involved with philanthropy.

7. Acknowledgement

By submitting this form, I/We acknowledge that:

  • I/We have read the brochure for the Elston Giving Foundation (EGF) and accept it terms.
  • I/We understand that the EGF is bound by the provisions of the Foundation’s Deed of Trust.
  • I/WE understand that any donation to the EGF is irrevocable and not refundable to me/us.
  • I/We will not receive any direct benefit from the charitable or community organisations recommended to receive grants from my/our sub-fund.
  • I/We understand that the trustee ultimately decides which eligible organisations will benefit from each giving fund and is under no legal obligation to follow my/our recommendation.