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Tax Deductible School Building Fund

In recognition of our vision to have a planned staged redevelopment and through school community surveys that emphasised the need to improve our students’ learning environment, late last year School Board members with this portfolio established a Tax Deductible School Building Fund for Esperance Primary School. Now that we will be building a new school and knowing there will be desired improvements that may not be funded (eg air conditioning), the School Board would like to inform you of this tax deductible fund. Following is an explanation of the building fund:

Tax deductible gifts

Certain organisations can receive income tax deductible gifts. They are called deductible gift recipients (DGRs). Esperance Primary School Building Fund is registered as a deductible gift recipient body.  We are informing the school community about this as there may be parents, carers or friends of the school who would like to make a tax deductible donation towards the building of our new school.

All donations of $2 and above are tax deductible.

What can a school building fund pay for?

A school building fund is solely for providing money for acquiring, constructing or maintaining the school or college buildings. 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.

Costs payable from a school building fund include:

  • purchase of land for which there are definite plans to construct a building to be used as a school or college
  • construction or purchase expenses and associated financing costs
  • painting and general maintenance of school buildings, and building insurance
  • expenditure on carpets that are fixed to the floor of the school building, and
  • administration costs of the fund, including bank fees, accounting costs and fundraising expenses.

Costs that cannot be paid by a school building fund include running expenses of the school, paying teachers, buying furniture and materials, buying land to be used for buildings which are not to be used in connection with the curriculum or are for providing recreational space, and maintaining sports grounds and car parks.

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