A recent Club initiative, the Foundation was incorporated in 2003. Its purpose is to support learned exchange between Harvard University and Australia. It receives tax-deductible donations principally from Club members and from Club-sponsored fund-raising activities such as its annual executive education program.

The HCA Foundation is a Prescribed Private Fund which means that gifts to the Foundation, as well as its own investment earnings, are tax-free when donated to 'eligible charities'. Such eliglible recipients include the Menzies Scholarship to Harvard administered by ANU, and the Australia-Harvard Fellowship tenable at Australian research institutions. 

The Foundation operates under a trust structure, and its funds are managed by Perpetual Trustees with advice from a board of senior Club members.

Harvard's graduate schools usually seek contributions to annual Class Gifts  but difficulties arise because such donations by Australians are not deductible against Australian income. Some graduate schools, however, do acknowledge donations to HCA Foundation as Class Gifts, the USD-equivalents being recorded against donors' names in Harvard's annual registers.

Administrator Clive Gard can advise you which schools currently endorse this program and how to receive acknowledgment for your Class Gift.

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HBS Class Gifts - now tax-deductible in Australia

HBS has agreed that you can fulfil your HBS class gift obligations, and receive full Australian tax deductibility, by donating to the Harvard Club of Australia Foundation  using the following procedure: 

1. Post a cheque made payable to the Harvard Club of Australia Foundation to:

Perpetual Trustees
Philanthropic Services
PO Box 4171
SYDNEY  NSW  2000
Please include your name and address so that the Foundation can issue your receipt. 
2. Advise HCA Administrator Clive Gard details of your donation by email hca@harvard.org.au  or fax 02 9144 6699  so that the Club can record and acknowledge your donation.      .

3. Advise your Class Fundraising Chair, with a copy to: 

Susan Hamilton
Director of International External Relations
Harvard Business School
Soldiers Field
Boston, MA 02163
email  shamilton@hbs.edu
Donors should explain that they have made a gift to the Harvard Club of Australia Foundation and that they would like their name recorded among the contributors to their class’s campaign.  They should provide their full name, degree, and class (plus section, if applicable) along with the approximate $US dollar value and date of their gift. 

Their gift will be acknowledged by the Director of International External Relations.
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