ActivateUTS generously provides the Club an annual financial grant to assist with the operation of the Club, however this grant does not meet all the operating expenses of the Club.
As such, the Club is responsible for conducting its own fundraising activities (which are supported by ActivateUTS & the University), to further grow the financial resources available to the Club - to achieve our strategic objectives. The Club takes its fundraising responsibility seriously.
As an incorporated association, the Club does not have any share capital or shareholders, just members.
Any funds raised by the Club cannot be shared amongst members, but only be used to further the Club's not-for-profit purposes, for the benefit of the Club's members.
Deductible Gift Recipient (DGR) status
The Club does not itself have Deductible Gift Recipient (DGR) status, with the Australian Taxation Office (ATO), however tax deductible donations, over $2, may be made to the Club, via the University's Endowment Fund. The University is approved by the ATO as having Item 1 DGR status.
The University covers all fundraising administration expenses, as such you can be confident that 100% of all funds donated are made available to the Club.