The LLL Charitable Facility is currently in a pilot phase.
You're welcome to be an early adopter by familiarising yourself with the details and opening a facility through the Nomination Form available on this webpage. Please note that the current Terms and Conditions for LLL Facilities apply during this phase.
If you need assistance or wish to provide feedback on this pilot product, please contact our helpful team at [email protected].
Be purposefully generous with your funds through the LLL Charitable Donation Program.
Join us in making a real difference in your community!
Like you, we are genuinely passionate about supporting our communities.
The Charitable Donation Program (Program) creates a deeply meaningful connection between LLL customers and Christian organisations, powering difference-making projects and fostering community spirit throughout Australia.
The Program empowers Supporters to make a meaningful impact by nominating a community organisation as their preferred Beneficiary. As part of the Program, Interest Foregone from funds maintained in a Charitable Facility by Supporters enables LLL to allocate funds to a variety of community organisations as Beneficiaries. The Allocation is based on the organisation's needs and missional objectives, and in consideration of Supporters' Preferences.
The Program plays a vital role in promoting positive change and supporting the mission of Christian communities, allowing them to flourish.
Maximise your support by foregoing 3.10% on your funds.
Nominate your Preference: You have the flexibility to nominate the Causes where you would prefer LLL to allocate Foregone Interest, ensuring your impact aligns with the Causes that resonate with you.
Zero impact on principal: Your initial investment# remains untouched; only the interest is foregone.
Consistent funding: By setting up a Charitable Facility once, you'll create a continuous flow of funds to be used by LLL in the Program, which may be applied towards your nominated Cause, with the rate calculated daily and allocated quarterly.
Multiple Causes to support? No problem! Open multiple Charitable Facilities and nominate your Preference as to how you would like the LLL to allocate the Interest Foregone on each facility.
Zero fees: Enjoy peace of mind with zero fees—both for you and your Beneficiaries. Your generous support won't be diminished by charges.
Ready to start generously supporting the Cause that matters to you?
FAQs
Definitions
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LLL
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Means Lutheran Laypeople's League of Australia Limited ABN 25 044 678 441 (trading as LLL Australia).
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Charitable Donation Program (Program)
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The Charitable Donation Program creates a deeply meaningful connection between LLL, its customers and Christian organisations, powering difference-making projects and fostering community spirit throughout Australia. The Program empowers Supporters to make a meaningful impact by nominating a community organisation as their preferred Beneficiary of the Charitable Donation Program. As part of the Program, interest that notionally accrues against Charitable Facilities held by Supporters is retained by LLL, enabling it to make an Allocation of funds to a variety of community organisations that are Program Beneficiaries. The Allocation is guided by the organisation's needs and missional objectives, with consideration given to Preferences expressed by Supporters.
The Charitable Donation Program plays a vital role in promoting positive change and supporting the mission of Christian communities, allowing them to flourish.
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LLL Charitable Facility
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The facility that is opened and maintained by Supporters. The notional interest that accrues against the LLL Charitable Facility is foregone by the Supporter and is instead retained by the LLL and applied as an Allocation to Beneficiaries (which may include but is not limited to their preferred Beneficiary).
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Supporter
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The customer who opens and maintains a Charitable Facility and participates in the Program.
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Beneficiary
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The customer receiving an Allocation from LLL under the Program.
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Foregone Interest
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The amount foregone by the Supporter in lieu of interest in support of the Program.
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Allocation
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The amount received by the Beneficiary from LLL under the Program.
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Preference
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The preferred Beneficiary to receive an Allocation that is nominated by the Supporter under the Program.
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Cause
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The project or program that the Beneficiary identifies as receiving the Allocation into their Facility or Loan.
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Does my LLL Charitable Facility accrue any interest?
No, any interest on the Facility is foregone entirely. In lieu of paying you interest LLL will apply Allocations to Program Beneficiaries.
Is there a minimum or maximum investment limitation?
No, you may support participating Beneficiaries, including your preferred Cause, as little or as much as you see fit through holding funds in your LLL Charitable Facility.
I am a pensioner. Will participating in the Program affect my entitlements for my age pension?
Participating in the Program should not affect your pension entitlements. However, we recommend that you obtain independent financial advice that considers your unique circumstances.
What if the Cause I'd like to support isn't listed on the application form?
We welcome new community organisations, ministries, schools and groups to join the Charitable Donation Program. Don't hesitate to get in touch with LLL with suggestions, and we'll reach out to the community organisation to gauge their interest. In the meantime, we encourage you to consider expressing your Preference to support one of the already listed organisations to start supporting their Causes. You may then change your Preference once the new Program is established.
What minimum requirements must a Beneficiary of the Program meet to receive foregone interest?
In order to be a Beneficiary of foregone interest as part of the Program, they must:
- be tax exempt
- be approved as an LLL Associate* customer
- manage an LLL Facility and/or Loan.
Examples might include: Organisations, Christian Schools, Aged Care and Retirement Living Facilities, Camps, Groups and Churches or congregations and their ministries.
What kind of projects or Causes can a Beneficiary nominate for funding?
We encourage eligible Program Beneficiaries to dream big and be bold in their thinking in ways to uplift their communities. Projects might include:
- Developing a new multi-purpose recreation space
- Building a portable BBQ trailer for outreach activities
- Enhancing multimedia facilities for podcasting and digital engagement
- Supporting Parent and Friends group initiatives
- Paying down an existing LLL loan
Can I change the Cause I support?
Will my nominated cause receive all of my foregone interest?
You can nominate your preferred cause; while we will endeavour to honour your Preference Allocations are at the discretion of LLL. LLL will choose to apply Allocations considering various factors, such as the organisation's needs, missional objectives, and your preferences.
What happens to my support when the project or cause ends?
If the project or cause you nominate for support is complete, LLL will use its discretion to honour your Preference to the next most appropriate cause that:
- Aligns with your original preferred cause, or
- Is a new cause or a general-purpose cause established by your preferred organisation, or
- Has a strong need for missional funding.
What features does the Charitable Facility attract?
The Charitable Facility shares the same features as an LLL Notice of Withdrawal Facility, except that no interest will be payable to the Supporter; LLL will make an Allocation to a Program Beneficiary.
Who can open a Charitable Facility?
Adults, children aged 12 years or older, and businesses. The Facility may be set up with either single or joint signatories.
Can I choose to retain some of my interest held in a Charitable Facility?
No, all interest that notionally accrues against funds maintained in an LLL Charitable Facility are foregone entirely and retained by the LLL. This enables LLL to allocate its funds to a variety of community organisations with reference to the organisation's needs, its missional objectives, and your Preferences.
Should you wish to accrue interest for personal wealth, it is suggested that a separate LLL Facility is opened and maintained.
What is the rate that is forgone with the Charitable Facility?
Interest on Charitable Facilities is calculated daily and transferred to the nominated cause quarterly, at an interest rate that is equal to the interest rate of the LLL Notice of Withdrawal Facility.
Will the Beneficiary be able to identify me as the Supporter?
No, the Allocation you provide to your Beneficiary will be done so anonymously; they will only receive data showing Supporter numbers and total funding received.
How will I know how much impact my support has made?
LLL will provide a quarterly report containing the details of your Foregone Interest, and how your preferred Beneficiary has benefited through the Program.
How can I increase my support for my nominated cause?
People trust friends and family recommendations more than advertising; making conversations about the cause you support is a powerful way to share information, create emotional connections, and increase fundraising engagement from other community members.
Need further assistance? Please contact LLL's helpful team.
Interested community organisations can register to become a recipient here.
Important information
* Eligibility criteria applies. Further definitions can be referred to the Terms and Conditions for LLL Investment.
# We are required by law to notify investors that our debentures and our offering of the debentures is not subject to the usual protections for investors under the Corporations Act or regulation by the Australian Securities and Investments Commission.
By law, LLL must inform investors that LLL's debenture products are only intended to attract investors whose primary purpose for making their investment is to support LLL's charitable purposes, primarily support for the Mission of the Lutheran Church in Australia; that investors may be unable to get some or all of their money back when the investor expects it or at all; and that an investment in LLL's debentures is not comparable to investments with banks, finance companies or fund managers.
