Elements and Performance Criteria
- Create charitable trust file
- Identify type of charitable trust and the trust parameters from the trust instrument
- Identify relevant legislation and regulators in the charitable trust area
- Research and identify the specific rules and tax status that applies to various charitable entities
- Arrange specialist services and other resources to assist with management of complex issues as required
- Create charitable trust file according to legislative and organisational requirements
- Establish and administer charitable trust
- Establish and prepare appropriate tools, practices and procedures to manage a charitable trust and to promote the charitable purpose stipulated in the trust instrument
- Review grant applications and respond to all applicants in accordance with organisational requirements
- Distribute trust funding to eligible beneficiaries and grant funding to successful applicants
- Prepare and submit information statements and financial reports as required by relevant regulatory agencies
- Provide for ongoing management and administration of charitable trust
- 3.1 Invest charitable trust assets in accordance with the trust instrument and the trustee's legal investment obligations
- 3.2 Review the performance of the charitable trust's assets periodically to ensure suitability from a legal, taxation and long-term perspective
- Prepare and lodge a trustee tax return where required seeking assistance from specialists as necessary
- Manage the succession of a charitable trust where necessary