Tax Benefits

In addition to the social and altruistic benefits of giving, there are many practical and financial positives. One of these is tax deductibility.

You can reduce your tax burden while you help others, make a difference to the world and support causes about which you are passionate. This happens when you re-direct your taxable income or make direct donations to organisations that have deductible gift recipient (DGR) status.

Receiving a tax deduction through giving can be the result of one-off donations, or more structured forms of giving such as the establishment of a family trust, private ancillary fund, grant or scholarship. For more information see How to Give.

It’s important to make sure you’re aware of the taxation benefits of giving and how to claim them. Many givers miss out on simple, easily accessible benefits by being uninformed about how and what to give to.

We recommend that you talk to your financial adviser about the best way to claim deductions from your giving. Information is also available from the Australian Taxation Office.