Good 360
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  | 

Govt Sets Up Philanthropic Funding for Schools


Friday, 14th June 2013 at 10:18 am
Staff Reporter
A Federal Government fund has been set up to attract philanthropic funding to assist schools in need.

Friday, 14th June 2013
at 10:18 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Govt Sets Up Philanthropic Funding for Schools
Friday, 14th June 2013 at 10:18 am

The Federal Government has set up a fund to attract philanthropic funding to assist schools in need.

The Government committed $5 million to start the new national fund which, it hopes will attract and direct philanthropic donations for schools experiencing disadvantage.

Parliamentary Secretary for School Education, Senator Jacinta Collins said the foundation funding would create a national fund which aimed to build the capacity of schools to develop philanthropic partnerships, support schools experiencing disadvantage to improve education outcomes, and provide a mechanism to harness and direct philanthropic donations.

"Individuals and businesses continue to show that they are prepared to donate money to schools and there would be clear benefits for schools to encourage and expand this at a national level,” she said.

“This is especially true for schools in need that don’t have the expertise or networks to attract these philanthropic donations. While philanthropy should never replace the role of government in funding schools, it is clear that better arrangements should exist to help schools and donors join forces."

Collins said discussions were underway in the Not for Profit and philanthropic sectors regarding the structure of the fund.

The creation of a national fund was a recommendation of the Review of School Funding and is hoped to support and complement the valuable work already being done by philanthropic and community organisations to support school education, Collins said.

The fund will hold deductible gift recipient (DGR) status which will actively seek tax deductible donations of up to $10 million per annum, said Senator Collins.

"With this status the fund will be given the flexibility to direct funding it attracts towards a broader range of educational uses than school building funds and scholarships, and collaborate with existing organisations to support solutions that address educational disadvantage.” 



FEATURED SUPPLIERS


...


Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

Yes we’re lawyers, but we do a lot more....

Moores

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Charity to Attract Philanthropic Funding to Schools

Staff Reporter

Thursday, 19th June 2014 at 9:53 am

POPULAR

Red Cross Moves to Wage-Based Fundraising Model

Lina Caneva

Thursday, 16th November 2017 at 8:30 am

Concerns Raised Over New ACNC Board Appointments

Luke Michael

Monday, 20th November 2017 at 2:28 pm

Disability Advocacy Group Fights to Restore State Funding

Luke Michael

Thursday, 9th November 2017 at 8:37 am

New Same-Sex Marriage Bill Looks to Protect Faith-Based Charities

Luke Michael

Monday, 13th November 2017 at 5:25 pm

Write a Reply or Comment

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


Good 360
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!