STEER INCORPORATED assists many people to use income from their assets to support the work of FEBC.
Steer Incorporated is a not-for-profit, income tax exempt mission
support organisation, which raises finance for missions and outreach
activities overseas and in Australia. It does this by enabling
individual supporters to use some of their assets to support the
mission of their choice.
Contact details:
Steer Incorporated
PO Box 211
Box Hill Vic 3128
phone: 03 9899 6413
email: steer@steer.org.au
Income-earning
assets are placed with Steer Inc for the term you choose. Steer then
uses these resources to generate tax free income, 100% of which is
distributed to the mission you nominate.
By
channelling funds through Steer, FEBC can receive a bigger gift than if
you give directly. Steer's income tax exemption means that all the
income earned by Steer from its partnership agreement with you can be
given to the mission, whereas if you give directly, you can only give
from your after-tax income.
Each partnership arrangement is documented with a written agreement.
However, Steer's arrangements with mission supporters are designed to
work with a minimum of complexity and formality.