What is a 'perpetual' bursary?
A perpetual bursary is one that continues to provide a support indefinitely. By creating a perpetual fund, our 'nest egg', the income gained from investment will pay for a bursary in perpuity.
How does a bursary differ from a scholarship?
Bursary: an Edmund Rice Bursary in the true tradition and spirit intended by the Blessed Edmund Rice – students come from low SES backgrounds and experiencing financial difficulty; they are recommended by their parish, priest, catholic primary school and support networks.
Scholarship: merit based program run by the College for students with particular skills and abilities e.g. academic, music or sport merit – separate program run by the school and funded through a different revenue stream.
How is my gift tax-deductible?
Giving Day is an initiative of The Gregory Terrace Foundation, a philanthropic foundation set up to distribute funds for charitable purposes. The Foundation is a public company limited by guarantee registered with the ACNC (Australian Charities and Not-for-Profit Commission) with DGR status. This allows us to receipt your tax-deductible gifts. Therefore, your gift to Giving Day today is a fully tax-deductible donation.
Why is our goal $400,000?
This is the amount required to create an endowment fund that generates enough interest (~4% return) that will support an annual bursary of $16,000 per year.
Can I make my donation over the phone?
Yes! Please call our gift hotline on 0411 157 452 to show your support. We are waiting for your call. Every gift, no matter the size, will help create history!
Will I receive a receipt for my donation?
Yes! On confirmation of your donation, you will simultaneously be issued a receipt to your nominated email address.
Will I be able to make a donation on this site after the 24 hours has passed?
Yes! Our Terrace Giving Day page will continue to receive gifts even when the clock has stopped. But please don't wait - help us to smash this target in 24 hours. Let's make this one day count!
What does it mean to make an 'anonymous' donation?
As a College we wish to celebrate our heroes by publishing the names of our donors in the Honours list. If however, you choose to remain anonymous on this site, we will also publish your donation on this site as 'anonymous'. And your giving will be included as anonymous in the publication of the Honours list in the respective year.
What payment methods are accepted?
We are able to process all forms of cards including Visa, Mastercard, and Amex. We can also process a donation by cheque or bank transfer. Please call our 'Giftline' on 0411 157 452 and we can help walk you through the process.
Still unsure of the answer to your question?
Please call 0411 157 452 and we will do our best to get an answer to your query.