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Council Trusts

Gosford City Council Trusts

About Council Trusts

Gosford City Council is the Trustee of various community and environmental focused Trusts including; 'The Gosford Foundation Trust', 'The Gosford Protection of the Environment Trust' and 'The Gosford Housing Trust'.

The Gosford Foundation Trust was set up by Council to encourage and facilitate benevolent acts by individuals, families or organisations who wish to donate real estate, art or funds for public use. The Gosford Foundation Trust ensures that funds are used for their intended purpose, for example, to purchase artworks.

The Gosford Foundation Trust is designed to totally finance or subsidise recreational, cultural, environmental and other community facilities, programs and projects, which benefit the Gosford community.

The Gosford Protection of the Environment Trust was set up by Gosford City Council to promote the protection and enhancement of the natural environment, in particular, the conservation of flora and fauna indigenous to the Local Government Area of Gosford City.

Contributions and gifts to the Trust can be used for the acquisition, maintenance, preservation, enhancement or embellishment of land. If a developer is required to transfer land to an Environmental Organisation as a condition of development, it may be transferred to The Gosford Protection of the Environment Trust.

The Gosford Housing Trust was created to fill a need to collect funds and/or housing stock. The need for affordable housing has been identified in both Council's Affordable Housing Strategy (adopted in 2005) and the Residential Strategy (draft prepared 2007). Both planning documents provide a framework for how Council can address the needs of its residents through the provision of a mix of housing that is affordable, appropriate and sustainable.

In return for their generosity, citizens making donations to Council's Trusts are eligible to claim tax deductions in accordance with the provisions of the Income Tax Act.

Trust Documents

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