The Ponting Foundation was established in 2008 as a public ancillary fund covered by Item 2 of the table in section 30-15 of the Income Tax Assessment Act 1997 (“the Tax Act”), to provide assistance to a cross-section of worthy charitable entities and causes throughout Australia which fall within the Foundation’s charter and qualify for income tax deductibility for gifts under item 1 of the table in Section 30-15 of the Tax Act.
In addition, eligible recipients of grants by the Ponting Foundation must be deemed ‘charitable at law’ and be endorsed as deductible gift recipients under the provisions of subdivision 30-BA of the Tax Act.
The Ponting Foundation is registered by, and complies with the reporting requirements of, the Australian Charities and Not-for-profits Commission (‘ACNC’)
The trustee of the Ponting Foundation is Ponting Foundation Limited (ABN 60 479 686 852).