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  1. #1

    Default Charitable Trust

    Has anyone on PT set up a charitable trust?

    If yes was it used for beneficiaries , let's say another charity overseas?

    I am looking at doing some charity work overseas.

    I haven't seen a lawyer or accountant yet but I would like to start a discussion on this here.

    Thanks for your input!

  2. #2
    Join Date
    Jun 2005
    Location
    auckland New Zealand
    Posts
    5,236

    Default

    No t much to discuss sadly, I have talked to the top charitable trust people in the country to try and set one up for our work in Fiji. It can't be done unless you are an organisation like world Vision or a multi national.
    As soon as it is leaving NZ it is taxable so you can't get donee status.

  3. #3
    Join Date
    Jun 2009
    Posts
    1

    Default

    Nope, but I do know that a donation is tax deductable. I heard that some compaines like mike pero and platinum rentals make large donations and that it's tax deductable. I think they were like a bronse sponcer of Free Ambulance in NZ. Does anyone else know of good ways to reduce tax or that sort of stuff? Are there any other companies out there that make large donotons. I also saw that Mike Pero made the seller of the kiwi shaped fejoa give $500 to charity. Did anyone see that auction. It went from $20 to $1000 with one bid. Would anyone else pay $1000 for a piece of fruit? What is a charitable trust anyway? Is that a non profit trust that gives all there profit away?

  4. #4

    Default

    http://www.community.net.nz/how-togu...able-trust.htm

    Hi Johnny1919

    Generally any donation to charitable organization recognized by IRD is tax deductible.

    Now any donation that goes overseas is an issue. Obviously Red Cross, World Vision etc can still claims these funds as tax Deductible.

    Dean has said that other than these big organizations any other charitable organization moving finds off shore will pay tax funds moved.

    What I'd like to know is how do the laws work for these organizations.

  5. #5
    Join Date
    Jun 2005
    Location
    auckland New Zealand
    Posts
    5,236

    Default

    They apply to the government for an exemption to the charitable trust tax laws.

  6. #6

    Default

    Hey Dean

    How easy/difficult is it to get exemption? Any idea?

  7. #7
    Join Date
    Jun 2005
    Location
    auckland New Zealand
    Posts
    5,236

    Default

    "For all intents it is impossible" were their exact words. Unless you are a multinational you can't do it.

  8. #8

    Default

    Now, isn’t this interesting…

    Dean agreeing with me way back in 2009 and yet…

    Dean altered his website last year (2010) to make it look as if he was operating a charity. By the way Dean, I have been keeping screenshots of everything that you post regarding this subject. Why? Figure it out for yourself. An admission on this scale is an interesting find. I don’t know how I missed this thread.

    I started a charity myself. I paid for it, out-of-pocket, and run a registered tax-deductible charity in NZ. This is how I know. It cost me a lot of money and I dislike (intensely) people who portray themselves well-meaning, pure, and trustworthy when in fact their modus operandi is suspect because they flatly refuse to provide the basic information about their own so-called “charity.”

    I’m still waiting Dean. I don’t disappear so easily:

    Name of Charity
    Address of Charity
    Telephone number of Charity
    Officers of Charity
    Last edited by fatfishandchipman; 01-02-2011 at 02:43 PM.

  9. #9
    Join Date
    Sep 2008
    Posts
    7,581

    Default

    Quote Originally Posted by fatfishandchipman View Post

    I started a charity myself. I paid for it, out-of-pocket, and run a registered tax-deductible charity in NZ. This is how I know.

    Name of Charity
    Address of Charity
    Telephone number of Charity
    Officers of Charity
    what's the name of your charity?
    have you defeated them?
    your demons

  10. #10

    Default

    Quote Originally Posted by eri View Post
    what's the name of your charity?


    Eri,

    If I told you that then you could find my real name by visiting the charities commission website:

    http://www.register.charities.govt.nz/CharitiesRegister/Search.aspx

    I’m reminded of the immortal words of exnzpat: “This is the internet and scoundrels abound.”

    Basically, I don’t want you to know who I am. I’m not asking you for your money -- as much as my charity needs it. But this venue is not the proper place for it.


 

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