Is My Donation/Sponsorship tax deductible?
Yes, One Heart Foundation is a registered nonprofit, tax-exempt charitable organization (ABN 78 602 804 599). Donations are tax-deductible as allowed by law. At the end of the financial year we’ll send you a tax receipt for all monthly donations received. Single donations will receive a receipt shortly after each donation has been processed.
How does One Heart Foundation decide where to spend income?
One Heart has a clear governance structure that ensures all financial matters are discussed at the board level, and then a minimum of two board member signatures are required for financial authorisations.
Decisions on where to spend income are made in alignment with our Annual Operating Plan.
How much of my donation will go to administrative costs?
We use donations to satisfy a range of different requirements. The COVID-19 pandemic as an example has meant schools have closed, food supply chains have been cut and the ways we usually rely on income generation are no longer possible. Therefore at the current time, all donations not earmarked specifically for Special Projects are going towards the general running of the village to make sure the children’s basic needs are met and the staff are paid. In more normal times donations may go towards urgent projects or go towards covering any shortfalls in income generation. If we look on average year to year, approximately 10% of donated funds are spent on administrative costs.
Is One Heart affiliated with any companies, political parties or religious organisations?
One Heart Foundation is an independent organisation with an autonomous board and governance structure. We do however have Partners who work with us to help deliver specific projects. These may be individual companies, churches, or community groups.
Is One Heart Foundation a charity?
One Heart Foundation Limited is a not-for-profit organisation registered with the Australian Charities and Not-for-profits Commission.