Gold Coast Hospital Foundation is a charitable Public Ancillary Fund that raises money to fund activities and projects that help improve the care delivered by Gold Coast University Hospital and related health care services. The Foundation operates according to the following Acts and requirements:Hospitals Foundations Act 1982 (Qld)
- Hospital Foundation Regulations 2005(Qld)
- Charities Act 2013 (Cth)
- Australian Charities and Not-For-Profits Commission Act 2012 (Cth)
- Public Ancillary Fund Guidelines 2011
- An independent annual financial and operational audit
- A requirement to produce an Annual Report detailing operations and financial results. This public document is lodged with the Parliament of Queensland by the Minister of Health.
The Foundation’s status as a Public Ancillary Fund was approved on 29 May, 1995. The Foundation is:
- GST Concession effective from 1 July 2005
- Income Tax Exempt effective from 1 July 2000
- Endorsed as a Deductible Gift Recipient effective from 1 July 2000
- Covered by item 2 of the table in Section 30-15 of the Income Tax Assessment Act 1997
- Subject to and compliant with the Public Ancillary Fund Guidelines 2011
The Foundation secures income through both philanthropic fundraising and commercial income activities e.g. vending machines and sponsorship. Having a mixed-income strategy allows the Foundation to secure a stable and reliable income base from which to plan well for the future and to engage with the local community who are keen to support public health education and care.
For more information regarding fundraising please visit our Supporters page.