Dumbo Feather
News  | 

Culture of Giving - New Survey

Monday, 14th May 2001 at 1:05 pm
Staff Reporter
There’s good news for Not for Profits in the latest “Givewell” survey, which confirms a resurgence in the Australian culture of giving – in fact it’s up 17%!

Monday, 14th May 2001
at 1:05 pm
Staff Reporter



Culture of Giving - New Survey
Monday, 14th May 2001 at 1:05 pm

There’s good news for Not for Profits in the latest “Givewell” survey, which confirms a resurgence in the Australian culture of giving – in fact it’s up 17%!

The survey just released confirms that Australians’ support for charities continues to grow, with donations and bequests as well as government funding.

Australian “giving” has also continued to exceed inflation, economic growth and wages growth.

Givewell was formed in 1997 with the aim of carrying out research into charities and fostering a better culture of giving in Australia. Givewell’s Executive Director, Michael Walsh has 20 years experience in accounting, auditing, academic research and investment analysis.

This latest report on the sector covers the 1998,1999 and 2000 financial statements of 225 Australian charities including the Smith family, Mission Australia, Australian Red Cross, and Wesley Mission, as well as a representative sample of smaller organisations.

Givewell says the results confirm a three year trend of increases in all charity funding sources of between three and five times the rates rate of economic growth over that period.

The survey shows the income from fundraising (excluding bequests) was $267m in 2000. This is a 17% increase from the 1999 total of $228m and is well up on the 11% increase seen between 1998 and 1999.

The survey says bequests which are the most variable component of income, were up by 21% from 1999

Givewell says the total income of all the charities combined for 2000 was $1859m, which is an increase of $183m or an 11% increase on the previous year.

Michael Walsh says one of the most interesting findings of this year’s survey is the comparison of the net assets of charities in 2000 where there was an increase of 8% compared to 11% in 1999.

Based on these figures, Givewell estimates that about 45% or $82m of the increase in charities’ income went to increase their assets, including investments, refurbishment of property, and the purchase of new equipment, with the remaining 55% or $101m being used for programs, administration and fundraising.

Walsh says it looks like the charities are using the good times to build their investment base, which is a shift to the foundation model and this will help increase their self-sufficiency and therefore their sustainability into the future.

He adds that key charities report continued increase in donations despite the 2001 economic downturn.

Check out the Givewell web site at www.givewell.com.au.

Do you have a comment to make on this survey? Why not include them on our Pro Bono Australia Forum at probonoaustralia.com.au

Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Tags : Philanthropy,


Get more stories like this


Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Government response to ACNC review ‘coming soon’

Wendy Williams

Tuesday, 3rd September 2019 at 8:10 am

Amazon fires expose the weakness of government and the power of philanthropy

Krystian Seibert

Thursday, 29th August 2019 at 8:41 am

Macquarie reveals winners of $50 million philanthropic prize

Luke Michael

Wednesday, 28th August 2019 at 5:05 pm

When the weather means more than record temperatures and sunscreen

Esther Abram

Monday, 19th August 2019 at 4:58 pm


Disability royal commission faces boycott threat

Luke Michael

Monday, 16th September 2019 at 4:37 pm

Eight things you need to know about the future of legacy giving

Wendy Williams

Thursday, 12th September 2019 at 8:27 am

Disability pension pushing Indigenous Australians into poverty

Maggie Coggan

Wednesday, 18th September 2019 at 5:26 pm

Dumbo Feather
pba inverse logo
Subscribe Twitter Facebook

Giveaway time! Simply enter your email for your chance to win a Limited Edition Gift Bundle from our friends at Dumbo Feather.

 Count me in 

You have Successfully Subscribed!