GreaterGood accounts can benefit charity and the community.
We have established two distinct funds under which your named charitable account is administered, to deliver your chosen benefit:
Both funds have been endorsed as Income Tax Exempt Charities under division 50-5 of the Income Tax Assessment Act 1997 and all earnings are exempt from tax.
The Gift Fund holds tax deductible status.
Your gift through this fund is 100% tax deductible under division 30-15 of the Income Tax Assessment Act 1997.
The income from the Gift Fund can only be applied to projects with Deductible Gift Recipient status.
The Open Fund does not have tax deductible status.
Tax deductible receipts cannot be issued.
However, your gift through the Open Fund can generate income to benefit a wider range of causes, as long as they are charitable. There is no restriction because there is no tax deductibility.