Charitable Trusts

A charitable trust established through your Will comes into effect after you pass away and can run into perpetuity – “forever”. Continue your charitable giving beyond your lifetime and create a truly lasting legacy by establishing a charitable trust that distributes income to charities and causes you care deeply about.

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Princess Melikoff Trust

Tasmania’s Princess Melikoff’s legacy continues to support marine conservation and aged care today.

Watch the video

A charitable trust allows you to:


  • continue supporting a cause close to your heart
  • stay involved in your community in spirit
  • let your name live on
  • honour the memory of a loved one


Sometimes charitable trusts are set up in the name of a person we would like to be remembered.

Explore some of the trusts we are currently managing.

CHARITABLE GIVING & PHILANTHROPY INTO PERPETUITY


Establishing a charitable trust is an effective way of continued giving and an alternative option to a once off donation. A well-managed charitable trust typically aims to grow the capital of the trust over time. This growth provides the ability to nominate specific charities or causes to receive income distributions over a period of time and in turn can provide an ongoing contribution to society.

Can a charitable trust be established with assets other than cash?

Yes, assets like land, real estate, and vehicles often form a larger share in a deceased estate than monetary assets, such as savings or insurance claims. You can nominate that the sale of assets in your Will be used as the capital to establish the charitable trust.
TPT Wealth recently assisted a client who had no children or immediate family, to make provision in her Will for a charitable trust to be established to continue her legacy. TPT Wealth will act as the trustee, to manage its administration and compliance, oversee its investment strategy and distribute income to charities nominated in her Will.

A trust is typically set up via a Will, which appoints a trustee and outlines rules and guidelines for the trustee. These include the purpose of the trust, and how benefits will be paid to charities and/or causes.


To learn more about establishing a charitable trust, call us on 1300 138 044.

What cause is close to your heart?


Charitable trusts can be set up to support nominated charities that undertake work that you care about. Whether it’s a particular area in healthcare, education, support of animals, the environment or the arts, as Trustee, TPT Wealth will administer your trust and distribute income to the nominated charities in accordance with your Will.

How to start giving


Do you have an idea in mind for an area or cause you may want to support? Our team of Estate Planners can help you understand your options and guide you through the process of creating a trust.
Contact us today

Why TPT Wealth?


The trustee is bound to administer the trust according to your wishes and the law. It is important to find a prudent trustee with the right expertise and track record.

One of the most effective ways to create a long-term difference in the lives of others is by establishing a charitable trust with a trustee who is in it for the long game.

TPT Wealth was established in 1887, and is a Trustee Company authorised under the Trustee Companies Act 1953.

Our committed trust administration team offers continuity over generations, an important factor when it comes to administering charitable trusts into perpetuity. This is one of the many reasons why our company inherited trusts from other, smaller trustee businesses whose owners have retired or passed away.


1926


Year in which our oldest and still running charitable trust was opened.

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Over 130 Years

Supporting our clients

Expertise under one roof:
  • Trust administration
  • Taxation and accounting services Investment portfolio administration
  • Estate Planning and Prudent Person Advice
  • Managed Investments

The role of a trustee


There are a number of considerations the role of a trustee has, these include but are not limited to:

  • the purposes of the trust and the needs and circumstances of the beneficiaries;
  • the desirability of diversifying trust investments;
  • the nature of existing trust investments and other trust property;
  • the need to maintain the real value of the capital or income of the trust;
  • the risk of capital loss or depreciation.

Will writing services


Look after your loved ones with a Will. The hardest thing about preparing a Will is getting started. TPT Wealth offers independent and professional advice that can help you take the first step towards protecting your loved ones and feeling confident that they will be cared for long after you are gone. We have the tools and experience to make the Will preparation process simple and stress-free. We can manage your affairs from start to finish, giving you peace of mind, knowing your Estate will be administered as you would have wished and without placing unnecessary stress or burden on your family or friends.

CREATE YOUR OWN LEGACY


Would you like to establish a Charitable Trust as part of your Will? Contact us to talk to one of our Estate Planners.

Contact us today

Charitable Trusts in our management


Explore some examples of charitable trusts for which TPT Wealth act as the Trustee.

Florence Nightingale Trust


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Watch the video on how this charitable trust created by nurses and midwives helps support their peers with grants in memory of Florence Nightingale.

Over the years the study grants and awards have supported Tasmanian nurses to improve their training and skills, so benefitting hospital and healthcare throughout the state.

Princess Melikoff Trust


Find out how the Trust supports marine conservation and aged care.

Princess Melikoff’s great love for animals and her passion for wildlife conservation and animal protection resulted in her ongoing support of Tasmania’s marine mammals.

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Hardie Education Trust and Hardie Fellowship Trust


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Read how the fellowships in the name of Professor Hardie have supported hundreds of teachers over many years.

The value that these fellowships continue to provide to the enhancement of teaching capabilities and knowledge in Tasmania cannot be under estimated.

WE'RE HERE TO HELP


1300 138 044
9-5 Monday to Friday
info@tptwealth.com.au
We reply within 1 business day
Hobart
137 Harrington Street
Launceston
1/65 St John Street

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