Your vision Your contribution Your legacy

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1 AET foundation

2 Your vision Your contribution Your legacy Create a meaningful, philanthropic legacy with the AET Foundation. Do you want your giving to make a lasting impact? While motivations for giving are many and varied, philanthropists around the world are united by a common desire to make a lasting and meaningful contribution to programs, projects or organisations that resonate with them. Philanthropy can bring great personal satisfaction and joy, and change the lives of those it reaches. Yet effective philanthropy can only be achieved through the right structures. Why partner with us? We can help make your philanthropic vision a reality. For more than 130 years, our focus has been on helping individuals and families create personalised and everlasting giving programs with minimum fuss and maximum impact. We have the knowledge and expertise to seamlessly handle the ongoing compliance, administration and investment management associated with charitable giving. Understandably, many donors prefer to focus solely on their giving and not be concerned with time-consuming compliance and administration which is why a growing number of today s philanthropists are choosing to achieve their charitable goals by partnering with us at Australian Executor Trustees Limited (AET). We can help bring your philanthropic vision to life in a way that enables you and your family to focus on the pleasure of giving, while creating a lasting, powerful legacy. 2

3 Is the AET Foundation right for you? The AET Foundation is a public ancillary fund which is appropriate if you: want to establish a long-term charitable account to benefit eligible charities wish to access knowledge and expertise around how to achieve effective philanthropy have a minimum of $50,000 to commence your giving program want to focus solely on your giving and not be concerned with the ongoing burden of administration, compliance or investment management want the pleasure of seeing the impact of your philanthropy want to involve family members and future generations in your philanthropic vision. 3

4 Your account with the AET Foundation Establishing an account Establishing an account under the AET Foundation is an easy and straightforward process. Simply complete an AET Foundation application form and return it to us. Once the completed form and initial donation amount is received by our offices, your account will be established within 48 hours. Please note that the minimum initial donation amount to establish an account is $50,000. On the application form, you can elect the name of your account. However, please be advised that the law currently precludes account names from containing the terms sub-fund foundation, fund or trust. Making contributions Contributions to your AET Foundation account are irrevocable donations. There is no restriction on the value or frequency of additional contributions to an AET Foundation account and many donors elect to name their account as a beneficiary in their estate. In addition, with the approval of the trustee, you can actively solicit funds from the public. Please note that by law, your account cannot hold certain asset classes (for example collectibles such as artwork). Tax advantages All donations to your account are 100% tax-deductible. Tax-deductions can be apportioned over five years from the date of the initial donation. Investments The assets of your account are pooled and invested in line with the AET Foundation s investment strategy which seeks to achieve an annual return equal to the Consumer Price Index plus 4% (after investment management fees). A total of 5% of your account balance will be held in cash and the remaining 95% will be passively invested in managed funds. Currently the AET Foundation invests in the Vanguard Wholesale Growth Index Fund (VAN0110AU). You can check your account s investment performance at any time via your online account. Reporting and online access to your account You can view your account information and documents online at Simply logon using your AET My Portfolio username and password that we sent you. Please contact us if you do not have these details. When you logon to AET My Portfolio, you can view key information including: your account balance a portfolio valuation tax-deductible receipts donation and granting statements. We take care of administration and compliance so you don t have to AET PAF Pty Ltd is the sole trustee of the AET Foundation. It is our responsibility to keep abreast of both the common law principles of trust law and the Trustee Act of the State or Territory in which the AET Foundation operates and to ensure your account remains compliant. The trustee is responsible for the ongoing administration of your account including the maintenance of all transaction records, meeting minutes (including funding and investment decisions), annual audit and the lodgment of regulatory reports. You and your advisers have access to relevant documents and reporting at all times via our online portal. 4

5 Achieving impact and defining your legacy Each financial year, your AET Foundation account is required to distribute a minimum of four per cent of the market value of the account s net assets (as at 30 June the previous financial year) to an eligible charity. There are over 29,000 eligible charities endorsed as deductible gift recipient Item 1 entities operating in Australia and overseas. Nominating charities and making payments Most donors request us to make an annual distribution from their AET Foundation account, usually in line with the end of the financial year. However, you can elect to make a grant at any time, for any value. As an AET Foundation donor you can make a grant to an eligible charity: using your account s pledge book via a grant agreement by ing us. Once we receive your grant pledge we will: confirm the nominated charity s account details obtain approval from the trustee arrange for the payment of your grant to be made within 48 hours to your nominated charity. Developing a Grant Strategy or Giving Connect We can assist you to establish and implement a clear and structured giving strategy to help you achieve your philanthropic purpose via the Giving Connect service. Giving Connect was developed in partnership with The Australian Centre for Social Innovation. For more information on Giving Connect, please visit Co-funding opportunities If you have participated in our Giving Connect service, you may wish to nominate your charity partners for co-funding via AET s discretionary grants program. For more information call us on Leave a legacy Many donors use their account as a vehicle to honour their legacy and engender a sense of social responsibility and tradition of giving for future generations. If you wish to leave a testamentary gift to the AET Foundation to further your legacy, we can help you to create a letter of wishes to ensure the trustee adheres to your vision over the longer term. Involve others in your giving AET Foundation accounts can support advisory committees and are ideal vehicles to engage others in giving. This can enable you to share your passion for philanthropy with current and future generations of family, friends or associates. 5

6 Fees and services Account balance Annual Management fee $0 $250,000 $2,000 per annum $250,001 $500,000 $3,500 per annum $500,001 $750,000 $6,000 per annum $750,000 upwards $8,500 per annum The Annual Management fee includes: corporate trustee grant administration online access investment advice accounting and audit fee annual relationship meeting The Annual Management fee excludes: Giving Connect 3rd party investment management fees Need more information? If you would like more information on the AET Foundation please contact your financial adviser. Alternatively, please contact your AET philanthropic services team on , or visit our website 6

7 AET Foundation Application form Please complete this form to establish an account under the Australian Executor Trustees (AET) Foundation. If you have any questions or require assistance in completing this document, please contact your financial adviser or AET client services on Section 1: Founding donor (must be completed) Donor type: Individual Entity Donor 1 Title Surname Given name(s) Postal address (all correspondence will be sent to this address) Mobile Preferred address Birth date (dd/mm/yyyy) / / Gender Male Female 7 TRA-2096

8 Donor 2 Title Surname Given name(s) Postal address (all correspondence will be sent to this address) Mobile Preferred address Birth date (dd/mm/yyyy) / / Gender Male Female Entity Entity name Postal address (all correspondence will be sent to this address) address ABN (if applicable) ACN (if applicable) Section 2: Irrevocable donation The minimum initial donation for an account is $50,000. Donor 1 initial donation amount Donor 2 initial donation amount $ $ Total donation amount $ My/our donation will be paid by: cheque. Please make cheques payable to The AET Foundation. electronic funds transfer (EFT). We will advise banking instructions upon receipt of this application. 8

9 Section 3: Account details (must be completed) Name of account Please note that terms sub-fund, fund, foundation or trust should not be included in the account name and are not permitted by law. Section 4: Grant recommendations Each year your account is required to distribute a minimum of four percent of the net asset value of your account as at 30 June the prior financial year to eligible charities. All eligible charities must be endorsed as deductible gift recipients (DGRs) by the Australian Taxation Office. You can check whether an organisation has DGR status by visiting and searching by its Australian Business Number (ABN). Making Grants As a founder, you or your successors can nominate eligible charities to receive grants. You can send your granting request via , pledge book or gift agreements with the eligible charity. Please nominate you preferred method of making a grant: capture instructions at annual review pledge book grant agreement Donor acknowledgement Payments to eligible charities are made with an accompanying payment advice, which may include the name of your account. Alternatively, you can elect for your gift to be made anonymously. Yes, please include the name of my account. No, please make my payments anonymous. Granting advice Do you require granting advice? We can help establish your granting strategy and oversee a comprehensive granting process on your behalf. Please note that additional fees may apply. Yes, I/we would like information about your granting services. Section 5: Successor details or advisory committee Your account will continue in perpetuity. You may wish to nominate a successor(s) to carry out your granting wishes, or appoint an advisory committee. Please nominate your successor(s) or chairperson of the advisory committee below. Individual(s) Advisory committee (chairperson) Individual 1 Title Surname Given name(s) Postal address Mobile 9

10 Individual 2 Title Surname Given name(s) Postal address Mobile Section 6: Fees I/We confirm that fees will be deducted from my/our account. Section 7: Acknowledgement and founding donor signature(s): I/We have read the attached brochure for the AET Foundation and have received the Financial Services Guide, and agree to be bound by the provisions of the trust deed and additional terms and conditions outlined in the brochure. I/We understand any donation to the AET Foundation is an irrevocable donation and is not refundable to me/us. I/We certify that no associate will receive any material benefit, directly or indirectly, from the charitable or community organisations I/We wish to support. I/We understand my/our granting recommendations to the trustee are non-binding, and the trustee has ultimate say in the decision of which eligible organisations will benefit from distributions from my/our account. I/We agree that information relating to this account will be disclosed to my/our advisor, unless I/we advise the trustee otherwise. I/We request access to AET My Portfolio and the issue of my/our login ID and password. I/we confirm I/we have read, and agree to be bound by Australian Executor Trustees terms and conditions for AET My Portfolio as amended from time-to-time. Signature founding donor 1 7 Date / / Signature founding donor 2 7 Date / / TRA-2096

11 Section 8: Financial adviser confirmation (adviser use only) I confirm that the above client information is correct and that the individual(s) is/are a client of my dealer group. I acknowledge that there will be no conflict of interest between a decision made by the client(s) and myself as a result of information obtained from AET My Portfolio. Financial adviser s dealer group Postal address address Mobile Financial adviser s signature 7 Date / / Dealer group stamp Please return to us by: Fax aetfoundation@aetlimited.com.au or post Attention: AET Foundation Australian Executor Trustees Limited GPO Box 546 Adelaide SA 5001 Australian Executor Trustees Limited ABN AFSL Part of the IOOF group This is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this document, you should assess your own circumstances or seek advice from a financial adviser. Personal information you provide to us will be used in accordance with our Privacy Policy, available from us. AET is part of the IOOF group of companies. IOOF and its related entities (including IOOF Investment Management Limited) provide a range of financial services. When AET acts in any fiduciary appointment, AET may, subject to the terms of its appointment and acting for the benefit of the beneficiaries, appoint an IOOF related entity to provide financial services to AET. TRA-2096