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The Werribee District Hospital Charitable Foundation comprises two separate funds, each supporting Wyndham's public hospital services.
Werribee District Hospital Charitable Foundation No. 1 Income tax exempt in relation to its net earnings and gifts are tax deductible for donors.
Werribee District Hospital Charitable Foundation No. 2 Income tax exempt in relation to its net earnings but gifts to this foundation are not tax deductible.
Foundation No. 2 provides the Trustee with broader powers of investment than No. 1, as capital from Foundation No. 2 may be used for any project aimed at improving the standard of services in Wyndham's public hospitals.
As a result of judicious investment, the income generated from investments has been sufficient to enable Foundation No. 2 to achieve its goals without reducing the original capital.
In fact, the accumulation of income generated from investments and the adding to the capital base over the years has ensured a steadily increasing amount of money available.
Potential donors are invited to discuss the benefits of each fund with the Directors of the Trust, or consult their financial planner or accountant.
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