Since 2015, we have been investigating various ways in which the P & C can fundraise for the school without overloading our school community with too many fundraisers.
One solution was to create a Building Fund that would give parents a tax-deduction for funds donated to the school to acquire, construct or maintain the school buildings for the purpose of using that building as a school. Therefore, we have created the Tacking Point Public School P & C Association Inc., Building Fund.
We are also pleased to announce that the Australian Tax Office has endorsed the TPPS Building Fund as a deductible gift recipient which simply means that we are able to receive gifts which are tax deductible to the donor.
To view the Notice of Endorsement click here: ATO Endorsement as DGR
What is a School Building Fund?
A school building fund is solely for providing money to acquire, construct or maintain the school buildings for the purposes of using that building as a school. It cannot be used for any other purpose. Expenditure on capital improvements and maintenance, as well as installing and maintaining fixtures, are accepted outlays of a school building fund.
This Fund can receive gifts from donors that can only be used for the following purpose:
- purchase of land to the extent that it reasonably relates to the area of land occupied by the building to be used as a school
- building purchase and construction expenses
- incidental costs relating to planning, negotiating, financing and obtaining approvals for acquisition or construction
- fixtures including security related features such as security alarms and lighting and window and door security such as grilles
- initial repairs
- additions or extensions to existing buildings such as additional floor, room or permanent structure as well as replacement, addition of walls, doors or windows
- lease payments that relate to the building or land occupied by the building
- conditions of construction imposed by a local governing body or public authority
- repairs, painting, plumbing and general maintenance of school buildings, including costs of purchasing associated equipment
- cleaning expenses including cleaning the building floor coverings, fixtures and windows.
- building insurance
- security monitoring costs that directly relate to the preservation or protection of a school building and
- administration costs of establishing or promoting the fund, including bank fees, accounting and audit costs, fundraising expenses and reasonable remuneration for the fund’s administrator and staff.
A school building fund cannot provide funds for
- a non-school building
- the non-school use of a school building
- other facilities that are not buildings.
- Costs that cannot be paid include: construction of non-school building like a wing of a building designed to be used as a church.
- maintenance costs that relate to the non-school use of a building, like the costs of hiring a cleaner to clean school buildings following events unless the fund is fully and promptly reimbursed
- running expenses of the school that don’t relate to buildings such as water, gas, electricity, sewerage, contents insurance, teaching staff salaries or the general upkeep of furnishings
- costs of maintaining facilities which are not buildings including sports fields, sports equipment, playgrounds, landscaping and open-air carparks.
Definition of “Building”
The definition of “building” is a very important part of the conditions of a Building Fund to ensure that donations meet the strict guidelines.
According to the Australian Tax Office:
“The term ‘building’ has its ordinary meaning and includes one building, a group of buildings, a part of a building or additions to a building.
The building should be a permanent structure, roofed and usually with walls and flooring that provides protection from the elements. Therefore, structures such as an outdoor swimming pool, sports oval or a tennis court are not buildings as they are not enclosed and do not provide protection against the elements.
A permanent structure (such as a covered outdoor learning area that does not have walls) is capable of being a building as long as it is fixed to the ground and has a roof.
Fixtures are accepted as part of a building. They are affixed to a building and are unable to be detached without substantial damage to the item itself or that to which it is attached. Fixtures include ducted heating systems, fixed air conditioning systems and carpets permanently fixed to the floor.
Non-fixtures such as computers, furniture, training equipment and laboratory equipment do not form part of the building.
Further information can be obtained from the ATO – School Building Funds
How do I make a Contribution?
All donations must be made using the Tacking Point Public School P & C Association Inc Building Fund Contribution Fund.
Donations can be made by:
- Direct Deposit to the account named Tacking Point Public School P & C Association Building Fund
- Cheque payable to “Tacking Point Public School P & C Association Building Fund
- Flexischools payment
A receipt will be issued for all amounts donated over $2.00.
The Contribution Form must be placed in a sealed envelope and delivered to the School’s Office for on-forwarding to the P & C.
The Contribution Form can be accessed here:
All payments to the Building Fund are not Voluntary School and Subject Contributions. These are managed by the School and should be directed to the School.
The information in this website and the links provided are for general information only and should not be taken as constituting professional advice from the website owner – the Tacking Point Public School P & C Association Inc (TPPS P & C).
TPPS P & C is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances.
TPPS P & C is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.