The Give2Good Foundation is a Western Australian community foundation. It was established by two Deeds of Trust signed by the Public Trustee of Western Australia (as Trustee) and Dr Penelope Flett AO (as Founder).
The ‘Give2Good Public Ancillary Fund’ and the ‘Give2Good Charitable Fund’ are umbrella funds for people wanting to give to charity over an extended period, either during their lifetime or after they have passed away. By using an umbrella fund, donors and testators will no longer need to go to the trouble and expense of setting up a philanthropic structure of their own.
Donations and bequests are made to Give2Good in the form of endowed funds, which accumulate to form a ‘corpus’ – funds intended to be invested indefinitely.
The Public Trustee invests these funds to generate an ongoing stream of income, which is returned to the community in the form of annual grants.