Eligibility and Acquittals

ELIGIBILITY FOR FUNDING

To be eligible to apply for a grant from The Anthony Costa Foundation you must:

  • Be endorsed as a Tax Concession Charity (TCC), a Deductible Gift Recipient as covered under item 1 of the table in section 30-15 of the Income Tax Assessment Act of 1997 (DGR1) and be registered and up to date with the Australian Charities and Not-for-profit Commission. (Note: in certain circumstances the Foundation accepts auspicing through appropriately qualified organisations);
  • Propose a project that will benefit the Geelong region and/or other regional locations in which Costa Asset Management invests;
  • Propose a project that falls within at least one of the Foundation’s Areas of Focus; and
  • agree to the Foundation’s Grant Conditions

The Foundation does not support the following:

  • Political activities
  • Religious organisations when funds would be used in whole or in part to further the organisation’s religious purposes (proselytising)
  • Purely Event Sponsorships (unless sponsorship or recognition of the Foundation forms part of a broader program, which meets the Foundation’s Eligibility for funding)
  • Attendance at Conferences or fundraising events
  • Sporting Clubs or Events
  • Restoration or heritage listed buildings
  • Retrospective or duplicated funding
  • Programs that discriminate or create community conflicts
  • Previous grant recipients who have not completed reporting and acquittal requirements

AQUITTALS

An acquittal is the process of evaluating and reporting on the outcomes of funds provided.  As part of the conditions for receiving a Grant, recipients will be required to complete an acquittal report for each grant, containing the information below.

The acquittal Report must be completed at the either when the funds have been spent, the end of the project or for multi year grants, at the end of each financial year.  Grant recipients may be required to hand back grant monies received and will be ineligible for any further grants if the Acquittal process is incomplete and ongoing funding may be conditional on satisfactory results of the acquittal process.

Acquittal Report includes:

  • Project Title
  • Date Project Undertaken/Completed
  • A brief explanation of the outcomes of the Project, the needs that were met , who benefitted and how they benefitted
  • Total Project Cost ($)
  • Grant Amount Received ($)
  • Budget: attach copies of all significant receipts/invoices where possible.  Provide an outline of income and expenditure and where the Anthony Costa Foundation grant has been used
  • Sign off on accuracy by an Authorised Person of the Grant Recipient