Impact100 Sydney North

FAQs

We have endeavoured to answer questions about Impact100 Sydney North here. Have a question not answered below? Please email us info@impact100sydneynorth.org

Q: HOW DID IMPACT 100 SYDNEY NORTH START?

Impact100 Sydney North was started by a group of friends living in Sydney’s north. While over 4 million people live in Sydney, the group wanted to draw on the strong community spirit of Sydney’s north. The Impact100 model ticked all the boxes for giving – powerful, rewarding, social, inclusive, collaborative, informed, effective.

Q: DO I HAVE TO LIVE IN SYDNEY'S NORTH TO JOIN?

No. Our donors can live anywhere, but all grants will be made to charities in Greater Sydney NSW.

Q: HOW DOES IMPACT100 SYDNEY NORTH OPERATE?

All the Australian Impact groups follow the key principles of the American Impact model. We operate separately but share information and collaborate closely. Our shared vision is to grow collective giving in Australia. We hope that over the next few years the number of Impact groups in Australia will grow as they have in the United States.

Q: WHAT ARE THE KEY PRINCIPLES OF THE IMPACT MODEL?

  • 100% of the money donated is given away
  • Low, affordable minimum donation level
  • Agreed mission and shared decision making process
  • High impact grants to lesser known charities where $100,000 makes a big difference.

Q: IS MY DONATION TAX DEDUCTIBLE?

All contributions are tax deductible and you will receive a tax receipt. Impact100 Sydney North is a sub-fund of Australian Communities Foundation (ACF), which is a registered Deductible Gift Recipient (DGR). ACF administers all of Impact100 Sydney North’s donations. Impact100 Sydney North must operate in accordance with the legislative regulations of ACF. Member donations go into the Impact100 Sydney North Sub-fund and members collectively decide which organisation receives the grant. The $100,000 impact grant is paid directly (in its entirety) by ACF to the chosen organisation.

Q: WHO IS ACF?

ACF is a not-for-profit community foundation committed to helping philanthropic individuals and organisations support community causes and initiatives they care about. Community foundations share the following aims:

  • they seek to improve the quality of life for all people within their community
  • they are independent from control or influence of other organisations or government they are governed by a board of citizens broadly reflective of the communities
  • they serve they make grants to other nonprofit and community groups to address disadvantage and a wide variety of emerging and changing needs in the community
  • they provide services to donors to help them achieve their philanthropic goals. Impact100 SA and Impact100 WA are also sub-funds of ACF.
  • ACF Logo 2015 high res jpeg

    Q: WHAT IS REQUIRED OF A MEMBER?

    Each person’s participation depends on their personal situation and can change from year to year. If a member has limited time, they contribute $1,000 and come to the annual Grant Celebration event to help choose the grant recipient/s for that year. If a member has more time, they can join a sub-committee to get involved in the many aspects of Impact100. Our sub-committees include: the Grants sub-committee (evaluates grant applications, including assessment evenings and site visits), the Membership and Events sub-committee (organising and co-ordinating our various events throughout the year), the Marketing and Communications sub-committee (newsletters, emails, promotion, social media, etc) and Finance and Governance (ensuring compliance and that ethics are observed). There will also be opportunities to become involved as a volunteer or a board member with our grant applicants which can lead to deeper ongoing relationships with not-for-profit organisations.

    Q: DO I HAVE TO SIGN UP FOR MORE THAN A YEAR?

    You only join for a year, but we hope you will renew each year.

    Q: WHAT ARE MY OBLIGATIONS IF I JOIN?

    Your only obligation is the $1,000 donation. Of course, we hope you’ll take the time to make an informed decision when you join us in choosing a grant recipient. You have the option to get involved more deeply by joining a sub-committee, but this isn’t obligatory.

    Q: HOW DOES IMPACT100 SYDNEY NORTH STAY IN TOUCH WITH ITS MEMBERS?

    Impact100 Sydney North will use our website, Facebook, Twitter, newsletters and emails to stay in touch with our members.

    Q: WHY IS THE REQUIRED DONATION SET AT $1,000?

    We feel this is a very affordable gift for most people. Our hope is that the next generation will want to get involved at this level of membership.

    Q: WHAT IF I CAN’T AFFORD $1000?

    In order to get a vote, you need to contribute $1,000. If you can’t afford that on your own, you can team up with others to form a mini-circle or syndicate. Among our donors are several couples or families contributing $1,000 as a family donation, as well as one group of colleagues making the donation collectively. In order to sign up as a group donation, each of you should make your donation individually, so that everybody gets the benefit of the tax deduction. Alternatively, you may like to pay $250 quarterly by direct debit. This option is available via the ‘Join us’ button. Please email us on info@impact100sydneynorth.org for further information.

    Q: HOW DOES A MINI-CIRCLE WORK?

    Mini-circles bring together 2 to 5 family or friends who all contribute to make up the $1,000. We ask that you nominate a coordinator who will be responsible for receiving correspondence from us about the grants, managing the total donation and nominating the group’s vote for where they would like the Impact100 grant to go. Please note: there is one vote per mini-circle. Each mini circle member does not get a vote.

    Q: WHAT IF I WANT TO CONTRIBUTE MORE THAN $1,000?

    Donations over $1,000 are of course welcome! However, the policy of ‘one member, one vote’ will still apply when choosing who will receive the $100,000 grant. Why not sign up your individual family members so each gets a chance to vote?

    Q: WHAT IF THERE ARE MORE THAN 100 MEMBERS?

    If there are more than 100 members, the grant will be larger and/or more than one grant will be made.

    Q: MY COMPANY MATCHES FUNDS FOR CHARITABLE DONATIONS. CAN I GIVE $500 AND HAVE MY COMPANY MATCH THIS TO MAKE MY TOTAL $1,000 DONATION?

    The model is based on the $1,000 donation coming from an individual, however we appreciate all donations and welcome matching gifts. Please advise us if this is possible and we will give you details of how the matching gift can be made. Email us on info@impact100sydneynorth.org

    Q: HOW IS IT POSSIBLE 100% OF MY CONTRIBUTION GOES TO THE GRANT RECIPIENT. WHAT ABOUT ADMINISTRATION EXPENSES?

    We anticipate that our ongoing annual costs will be 3-5% of the total donated and the committee has undertaken to cover these costs so that 100% of member donations go directly to the grant-making. We rely on the generous time and effort of volunteers and we also utilise gifts and sponsorships from individuals, local businesses, family, private Foundations and in-kind donations.

    Q: HOW DO YOU DECIDE WHO GETS THE GRANTS?

    Each year’s grant round will have a specific focus – such as youth, environment, health, arts, and so on – collectively decided upon by our members. We then send out a call for initial grant Expressions of Interests (EoIs). A grant review committee made up of our members accepts and evaluates these EoIs, then selects eight to submit full applications. This is not meant to be onerous but there are clear parameters including the size of the organisation, the impact and the sustainability of the grant. These are then evaluated by researching and visiting applicants to arrive at four finalists, a process that is open to all members to particulate in. The information on the four finalists is sent to each Impact100 Sydney North member for review. At the annual Awards Celebration event the finalists give a short presentation, after which all members are invited to vote for their choice. The organisation with the most votes receives the $100,000 Primary Grant. We hope to also give smaller grants to the other finalists, assuming we have more than 100 members.

    Q: WHY DOES IMPACT 100 GIVE THE ENTIRE $100,000 TO A SINGLE ORGANISATION?

    One of our goals is high-impact giving. We want to make a transformational gift. By collectively funding a big grant we can have a larger impact in a selected area. Also when a not-for-profit organisation pieces together $100,000 from as many as 10 different sources, the not-for-profit has reporting requirements and related administrative expenses from each grantor, as well as its fundraising costs. An increased cost in the “chain” means less money ultimately goes to solve the problem. By giving one large grant, we have more impact and keep costs lower for the grant recipient and for ourselves. If Impact100 raises more than $100,000, one or more smaller grants can be made.

    Q: WHAT IS THE TIMELINE FOR GRANT MAKING?

    We propose to make our first grant at the end of 2017. Please see Grants for further information.

    Q: HOW DO YOU AVOID CONFLICTS OF INTEREST?

    We are committed to acting with integrity in all of our relationships and in selecting grant recipients through an honest and fair process. In support of this commitment, our conflict of interest policy requires disclosure of relationships between our committee members with any grant applicant or potential grant applicant. We also require committee members to excuse themselves from the discussion and/or collective choosing on any topic where a conflict arises. We require only those members serving on a committee to disclose conflicts of interest. However, Impact100 Sydney North expects all members to act in an objective and fair manner and to refrain from any attempt to gain an unfair advantage for a particular grant applicant by, among other things, disclosing confidential information and/or attempting to influence the choice of another Impact100 Sydney North member.