Donor FAQs

What are the tax benefits of making a gift?

As of 1 April 2008, gifts of money by New Zealand resident taxpayers to a charity receive exceptionally favourable treatment: namely a 33 1/3 % rebate on any gift (up to a limit of total net income for all gifts in a given tax year). For example, if a donor makes a gift of $3,000 it costs the donor only $2,000, once the $1,000 rebate is taken into consideration.

What is the payment method for donations?

Payment into The Foundation’s bank account. DIRECT CREDIT Bank: BNZ Account Name: The Foundation for Knox College and Salmond College Trust (Inc) Account No: 02-0912-0303039-025 Reference: Initials and last name Please email info@thefoundation.org.nz to advise of your donation details.

Where does my donation go?

All gifts received support The Foundation which offers scholarships for students at Knox College and Salmond College.

Can I include a gift to the Foundation in my Will?

Yes. There are many ways in which a gift in your Will can help The Foundation well into the future. For more information, please contact us at info@thefoundation.org.nz

Will I receive a receipt for my gift?

Yes. If you have made a gift online, you will receive your receipt via email once payment has been approved. If you have chosen to make a recurring monthly gift, you will receive a receipt at the end of the financial year.