Future Fund
What is CanToo's Future Fund initiative?
When you register as a participant to take part in a CanToo fitness program, in addition to paying a program fee, you make a commitment to raise a minimum amount of funds. These funds go towards CanToo’s dual mission of health promotion to inspire more individuals to achieve personal health and wellbeing goals, and funding innovative early-career cancer research. As a participant you can choose to commit to the minimum fundraising requirement set by CanToo for the program, or you can choose to set yourself a higher fundraising target of your choice. Either way, you will be making an amazing contribution to the vital work we do at CanToo supporting health.
To meet the fundraising target you commit to for the program, you may fundraise in a variety of ways such as by asking your network of supporters to make a donation, by making a self-donation, by asking your place of employment to dollar match your fundraising, or by holding your own fundraising events.
At CanToo we understand that some participants may choose to keep your focus on your fitness journey while taking part in your chosen program and you may wish to carry out your fundraising initiatives before the program starts at other times in the year. We also understand that if you are a Fundraising Star and have been able to exceed your fundraising commitment for a particular program, you may wish to start fundraising for another program that you are planning to take part in later that year.
Future Funds support our CanToo community to allow you to manage how and when you fundraise to reach your fundraising target. It allows you to fundraise for the program or programs you plan to do in the space of one year, from 1 July to 30 June, at any time in the year.
How do Future Funds work and how do I set up a Future Fund account?
Before we can create a Future Fund account for you, there are a couple of criteria to meet.
Whether you are a returning or new CanToo-er, you must have registered for your first CanToo program for that specific financial year from 1 July to 30 June and met your fundraising target for that first program.
Please note that even with a Future Fund in place, the fundraising target you commit to and achieve for the first program of the year and for each subsequent program you participate in must be at least equal to the set CanToo minimum fundraising target for that program.
Once your first fundraising target for the year has been met, you can choose to continue fundraising throughout that financial year and save those additional funds in a Future Fund account. You can then use those funds to contribute to the fundraising target of any additional program/s you choose to participate in later during that same financial year.
If at any point you reach or exceed your fundraising target for the program you are currently participating in, you can also choose to continue to solicit donations, but bank those further donations, over and above the current program target, in a Future Fund account to use as a contribution to the fundraising target for a future event you will participate in during that same financial year.
If, once you have met this criteria, you wish to create a Future Fund account, please complete our form below.
Terms & Conditions
There are just a few T&Cs to allow us to manage data integrity and respect donor intent.
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A donation made to you cannot be split or moved in part. Each individual donation transaction must be allocated in full to a program. This does not mean the total amount in your Future Fund account needs to move. E.g. if you have $25 outstanding to meet your Autumn Ocean Swim fundraising target and you have a balance of $200 in your Future Fund account which came from two separate $100 donations, we will need to transfer one of the $100’s in full to your Autumn Ocean Swim program fundraising page.
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We are unable to transfer donations already made to a program to your Future Fund account as this was not the donor’s original intent when making that donation to the program you participate in. E.g. if your run program target is $800 and you raise $1,000, you cannot ask CanToo to move $200 to your Future Fund account after the donations have been made.
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The only way funds can be allocated to a Future Fund account is if a donor donates directly to the Future Fund. Therefore, as the Participant you will be responsible for pro-actively informing your potential donors at which point in time any donations made to you will be going into your Future Fund account and not to your current program.This is for data integrity purposes so that the donor is clear what they are donating to and also to clarify that the cause they are donating to remains the same.
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The funds a participant raises for CanToo’s dual mission of health promotion and early-career cancer research projects within a specific financial year are used to support programs and projects delivered in that same financial year. For this reason, the cut-off date for all funds in your Future Funds account to be allocated to a program you are participating in is 30 June of the year the donation was made or the funds were raised.
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Any amounts that are still in your Future Fund by 30 June will be allocated by the CanToo team as funds raised for CanToo against your participant’s profile, in that financial year. They will not be allocated to a specific program, but you will still be acknowledged and recognised for your fundraising.
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To be eligible to create a Future Fund account you must have participated in one or more of these programs:
- Any 5km run program
- Any 10km run program
- Any half marathon run program
- Any marathon run program
- Summer ocean swim program
- Autumn ocean swim program
- Other ocean swim programs
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Non-eligible programs:
- Any Run Fit programs
- Any Swim Fit programs
- Beyond (community fundraising) programs
- Adventure Challenge programs