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How does a corporate sub-fund work? |
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NCF maintains a ‘management account’ for all donations and distributions to and from your branded sub-fund.
Your sub-fund joins with other NCF sub-funds to form part of a combined trust fund which is managed and invested by the Melbourne Community Foundation through its investment partners (web link).
All management and administration is undertaken by the Melbourne Community Foundation. This includes all reporting to relevant authorities, such as the Australian Tax Office, ASIC, etc. In turn, NCF will provide financial statements on all of the sub-funds’ investments and distribution of monies.
What Next?
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