St Bishoy Coptic Orthodox College Building Fund

The St Bishoy Coptic Orthodox College Building Fund is an Australian nonprofit organization associated with St Bishoy Coptic Orthodox College, operating primarily to support the development and maintenance of the college's infrastructure. It is registered with the Australian Charities and Not-for-profits Commission (ACNC) and holds an Australian Business Number (ABN) 23630183163RR0001.

Purpose and Activities

The Building Fund serves as a vehicle for collecting grants and donations specifically allocated for the enhancement of the college's facilities. Its activities support the growth and improvement of educational environments to better serve the students of the Coptic Orthodox community.

Beyond infrastructure, the associated college and fund provide counselling and support services to students, particularly addressing the needs of those from refugee backgrounds or families experiencing financial hardship. This includes assistance aimed at preventing school dropout due to economic difficulties, such as parental unemployment.

Financial Overview

According to reports submitted to the ACNC, the fund has reported grants and donations amounting to approximately $24,589 used within Australia, with no funds disbursed internationally. The organization's overall expenses and payments, including those beyond direct grants, have totaled around $399,949, reflecting its commitment to operational and developmental costs.

The fund maintains strong financial health, holding assets that significantly exceed its liabilities. Its asset coverage corresponds to approximately 5458 months of expenses, indicating long-term financial sustainability despite having less than five years of recorded financial data publicly available.

Legal and Tax Status

The Building Fund operates under the governance of St Bishoy Coptic Orthodox College, which is recognized as a registered charity in Australia. It enjoys multiple tax concessions, including GST concession, income tax exemption, FBT rebate, and deductible gift recipient status, enabling donors to benefit from tax deductions when contributing.

The fund is listed as a Deductible Gift Recipient (DGR) under Item 1, allowing it to receive tax-deductible donations, with this endorsement effective from March 2021 onward.

Relationship to St Bishoy Coptic Orthodox College

St Bishoy Coptic Orthodox College, the principal institution connected to the Building Fund, focuses on delivering academic excellence and fostering Christian life within its community. The college undertakes future development projects to enhance educational facilities, supported financially by this Building Fund.

The Building Fund acts as a crucial component in facilitating these infrastructure projects, ensuring that the college can sustain and expand its educational endeavors.

The St Bishoy Coptic Orthodox College Building Fund exemplifies a targeted nonprofit effort supporting community education and student welfare through fundraising for facilities and direct support services, backed by solid financial and legal frameworks.

[1] https://www.acnc.gov.au/charity/charities/8ea2fdf9-39af-e811-a960-000d3ad24282/documents/da0f183b-5b49-e911-a97e-000d3ad05ad0 [2] https://www.acnc.gov.au/charity/charities/8ea2fdf9-39af-e811-a960-000d3ad24282/documents/2f5cf8ee-d028-ed11-9db1-002248939c21 [3] https://www.changepath.com.au/st-bishoy-coptic-orthodox-college-building-fund [4] https://abr.business.gov.au/ABN/View/66095976686 [5] https://www.stbishoy.nsw.edu.au