Future Of Fish most of all wants to deliver fun and happiness to children by taking care of them and Our Environment.
A very important part of what we want to achieve, involves the support of charities, especially for sick children, who may not be able to enjoy our fish and marine environments as often as most of us. We need to keep Our Environment pristine and introduce it as an outlet as often as possible, for One & All.
Future Of Fish has an Event Donation Policy where we donate 50% of event net proceeds received through event subscriptions, financial sponsorship and event activities, to The Children's Hospital at Westmead Kids Research Institute.
We will not only contribute to programs that ensure the Future Of Fish, but to the importance of teaching children how to respect and take care of our waterways, environment and each other, especially those in need.
A positive example through the education of our children now, will help our future adults and parents to ensure a life that can be enjoyed with what's so very important; having healthy children, healthy fish and healthy environments.
'The Children's Hospital at Westmead is truly appreciative of the offer of support extended to us by Future of Fish, and we are very excited about the opportunities which lie ahead as a result of this new partnership. We feel there is great synergy between the two organisations, who are both striving to make a difference in the community.'
The Children's Hospital at Westmead is more than just a hospital. We are committed to providing children with the best medical care and support in a total healing environment. Every time we make sick children better, they have the opportunity to grow up and make a difference in the world, so we really are investing in our future.
Our CEO says it best. 'Although we receive significant funding from the NSW State Government, it's the support we receive from members of the community that makes the difference between us being a good children's hospital and one that provides excellence in care for sick children, equal to the world's best.'
'Your support of Future of Fish means your support of The Children's Hospital at Westmead. We greatly value your kindness.'
Trish van Leeuwen
Fundraising & Revenue Manager, Research
Mobile: +61 419 964 290 Email: PatriciV@chw.edu.au
Corporate Sponsorship & Donation
Corporate sponsorship is defined as a business relationship between a corporate entity (Sponsor) and an individual or corporate entity which has been entered into for advantage to both parties. The advantages accruing to Future Of Fish may be either tangible or intangible. That is, they may be in the form of direct subsidy, 'in-kind' support or the provision of particular expertise, equipment or a financial contribution.
The sponsor may be a company, individual or State or Commonwealth agency.
The Income Tax Assessment Act 1936 distinguishes between corporate sponsorship and donations. The latter are another source of money, goods or services from the private sector. The Act requires that donations be given unconditionally and voluntarily. They cannot be made as a result of any contractual obligation and the donor is unable to receive anything material in acknowledgment.
Tax deductions for donations can be claimed under section 78(1) of the Act if you are donating to a Deductible Gift Recipient (DGR), usually a Not For Profit organisation. Future Of Fish is not a registered DGR or a Not For Profit organisation, even though it's charitable purposes have similar qualification as many DGR's and Not For Profit organisations.
Corporate sponsorship, by comparison, involves a business relationship which both parties enter into with the intent of receiving a material benefit. Deductions cannot be claimed under section 78(1). Corporate sponsors can generally seek the same tax treatment for funds provided as corporate sponsorship as for other legitimate business expenses, regulated under section 51(1) of the Act - Section 8(1) of the Income Tax Assessment Act 1997.
To the Australian Tax Office, Corporate Sponsorship is a tax deduction under Australian Income Tax Assessment Act: "an expense necessarily incurred in carrying on a business for the purpose of gaining or producing an assessable income" for the Sponsor and a possible Taxable Income for the Sponsored.