Industry Leaders Chairman's Foundation
To supplement the ILF’s capacity the Industry Leaders Chairman’s Foundation was unveiled to provide a flexible structure for committed individuals and businesses who support our vision for a strong South Australian economy. Contributions directly assist future leaders to make a real difference to the state of play in South Australia in coming years.
The Industry Leaders Chairman’s Foundation is registered with the Australian Taxation Office as a Deductible Gift Recipient item 1, which allows for tax deductibility, and it accepts contributions and bequests from individuals and businesses. It has been developed to ensure your contribution is tailored to meet your specific needs.
The Industry Leaders Chairman’s Foundation is administered by the trustee, the ILF and attracts no administration fees or charges. One hundred percent of the contributions received go to successful applicants.
To meet the requirements of its registration as a DGR 1, the Industry Leaders Chairman’s Foundation can only fund courses offered by a recognised Australian Educational Body. These courses may include an offshore component.
Sample bequest wording is available for download here. It is recommended you discuss your personal circumstances with a professional adviser to ensure it meets all your requirements and any particular legal considerations those circumstances may give rise to.