Gift Receipt Gifts received by the University, other than equipment, must be forwarded to the Foundation promptly. Gifts tendered to the University through the Foundation with questionable conditions will be reviewed by the Foundation for acceptance or rejection. Gifts of equipment must be notified to the Foundation for recording as such gifts will entitle the donor to Foundation membership or other forms of recognition. And Gifts The Foundation manages receipting, recording, depositing and acknowledgment of contributions to the Foundation or the University of a philanthropic nature. All University projects are endorsed at the next appropriate Foundation Board of Directors meeting.
Advice is sought as early as possible to ensure the process is properly coordinated.
To encourage philanthropy, Australian tax laws provide certain economic benefits to donors. Such benefits help determine the amount of the gift and may influence the decision to contribute. The Foundation cites the tax implications in their communications with donors and prospective donors, though not to the exclusion of less tangible benefits or as a primary motive. In the promotion of philanthropic programs, gifts cannot be represented as tax shelters or financial investments, but rather as contributions to the work of Central Queensland University. Advertisements, literature and estate planning seminars will appeal to basic philanthropic motivations and donative intent as important components of giving.