Federated Farmers' Adverse Events Trust delivers good news to Christchurch
Federated Farmers’ Adverse Events Trust (AET) is to donate $285,000 to nine charities and groups in Christchurch. The Adverse Events Trust (AET), a registered charity (no. CC46245).
“While this release was scheduled for this week, yesterday’s devastating earthquakes makes it even more pertinent,” says Don Nicolson, Federated Farmers’ Adverse Events Trust Trustee and President of Federated Farmers.
“Following a $40,000 initial gift to the Royal New Zealand Foundation of the Blind several weeks ago, we are delighted to announce nine further donations from today. It will hopefully provide some good news in what has been a traumatic 24-hours.
“These donations will support the work of charities and groups who are supporting Christchurch in its hour of need,” Mr Nicolson added.
The second round of donations are for:
§ van Asch Deaf Education Centre
§ Variety – The Children’s Charity Inc. § SPCA Pet Emergency Earthquake Fund $20,000 § Red Cross Incorporated 2011 Earthquake Appeal $40,000 § Presbyterian Support (upper South Island) $40,000 § St Vincent de Paul National Council Christchurch Appeal § Salvation Army Canterbury Earthquake Appeal $40,000 § IHC Christchurch § Alzheimers Canterbury “Federated Farmers launched its fundraising efforts in March under the banner of ‘Meat the needs of Christchurch’. This is all about bettering the lives of residents in the city,” Mr Nicolson added. “The Adverse Events Trust is delighted to be making these donations on behalf of meat and fibre farmers, meat companies and meat company workers who made donations via the Trust. This will also include dairy farmers who have sent stock for processing. “Since March, farmers consigning wool or drafting stock have been able to send an instruction to participating meat and wool companies to direct some of their revenue to Christchurch. “The AET has received over 513 unique donations. These continue to roll in almost daily and there will be a further round of donations to come, Mr Nicolson concluded. Participating companies currently helping to ‘Meat the needs of Christchurch 'Meat companies helping Meat the needs of Christchurch: § AFFCO New Zealand Limited § Alliance Group Limited § Blue Sky Meats NZ Limited § CMP/Riverlands § Greenlea Premier Meats Limited § Progressive Meats Hastings § Silver Fern Farms Limited § Wallace Corporation Wool companies currently helping to ‘Meat the needs of Christchurch: § Elders Primary Wool § Wool Partners International. Procedures for farmers wishing to donate to the Adverse Events Trust, a registered charitable entity (No CC46245) administered by Federated Farmers: 1. When farmers are consigning wool or drafting stock to participating companies, please kindly advise company managers the number or value of animals/wool to be donated. 2. The company will deduct the value donated from the ‘buyer created invoice' they prepare on your behalf. 3. The company will then deposit the value of the animals donated into the Adverse Events Trust bank account 06 0594 0028181 00 (National Bank Hamilton). 4. NB: GST will not be applied as donations are exempt. 5. Participating companies will forward a summary of the names and addresses of donor farmers and the value of individual donations received to Federated Farmers Hamilton office. 6. Federated Farmers will post back to each donor a receipt in the form of an official Adverse Events Trust letter, which will contain all the information required to be fully compliant with all the Inland Revenue's requirements for claiming back the donation rebate of 33.3 percent (or a third). NB: Individuals, (including individuals who are partners in a partnership), companies and trusts can obtain a tax benefit from donations. Individuals obtain the benefit by way of a refundable tax credit, whilst companies and trusts obtain the benefit by way of a tax deduction for the amount donated (but only to the extent of the companies net income).