Take Survey
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  |  Finance, Philanthropy

Australian Giving Stagnating – Review


Thursday, 20th August 2015 at 12:25 pm
Lina Caneva, Editor
The proportion of Australians claiming a gift or donation is stagnant and remains below the level it reached in 1985-6, according to a report released by independent private wealth advisory business Koda Capital.

Thursday, 20th August 2015
at 12:25 pm
Lina Caneva, Editor


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Australian Giving Stagnating – Review
Thursday, 20th August 2015 at 12:25 pm

The proportion of Australians claiming a gift or donation is stagnant and remains below the level it reached in 1985-6, according to a report released by independent private wealth advisory business Koda Capital.

The Koda Review said taxpayers are giving just 0.32 per cent of their taxable income.

The 2015 Koda Capital Australian Giving Review reveals the majority of donor money comes from just 7.3 per cent of the giving population.

In 2012-13 Australians gave an amount equivalent to 0.57 per cent of GDP.  By comparison, the review said Americans gave an amount equivalent to 2 per cent of GDP in 2013.

“Relatively few Australians give more than $1,000 per year, but this group account for over two thirds of all deductible giving by individuals which totaled $2.29 billion in 2012-13,” Koda’s Head of Philanthropy & Social Capital, David Knowles, said.

“The report reveals Australian women are more generous than their male counterparts despite enjoying lower incomes, workplace giving is failing to catch on, volunteering levels are falling and NSW is fast replacing Victoria as the home of Australian philanthropy.

“In dollar terms, Australia’s most generous philanthropist is a little-known American, Chuck Feeney, whose foundation The Atlantic Philanthropies, gave approximately A$590 million to Australian institutions and non-profits between 2001 and 2012,” Knowles said.

Knowles said Feeney’s Giving While Living philosophy has encouraged wealthy Australians to give significant amounts, which they are now starting to do not just privately, but publicly.

“Chuck Feeney’s philosophy and practice is an inspiration to many Australians – he has given away his considerable wealth, owns neither a home nor a car and wears a $15 watch. His life should encourage more Australians to give while living,” Knowles said.

The report’s co-author, Chris Wilson, of Koda’s Philanthropy & Social Capital team, said a focus on youth would help build the base of Australia’s giving pyramid.

“While a small number of Australians dominate the giving landscape, there is tremendous goodwill in our community and a strong future in structured giving with a continued growth in these investment vehicles through Public and Private Ancillary Funds, which now receive 25 per cent of all gifts claimed in Australia.”

Key findings in the 2015 Koda Capital Australian Giving Review include:

  • Growth in deductible giving is sluggish and the number of givers is not growing. The number of Australian individuals claiming a donation is stagnant. Australians are still only giving 0.32 per cent of taxable income and growth in the overall amount claimed is underwhelming.
  • New South Wales is taking Victoria’s title as the home of Australian philanthropy. NSW comes out on top when looking at which state or territory gives the most money. It is also home to the highest number of Private Ancillary Funds, with 43 per cent of the national total.
  • A small number of Australians dominate the giving landscape. 66 per cent of the total amount claimed in 2012-13 was gifted by just 7.3 per cent of the giving population. Relatively few Australians give more than $1,000 per year, but this group is responsible for over two thirds of all deductible giving by individuals in this country.
  • Workplace giving is struggling to fulfil its potential. Participation rates for employers and employees alike remain low, with improvement prospects seeming to hinge on the success of new technology platforms that promise to better connect donors and supported charities.
  • Structured giving continues to grow in size and significance. Public and Private Ancillary Funds now receive 25% of all gifts claimed.

The Koda Review combines recently released ATO data on Australian giving, with information gathered by Koda from a range of sources in Australia and overseas.

The review has been released ahead of a visit by The Atlantic Philanthropies President and CEO Christopher G. Oechsli, who will host a series of conversations about philanthropy in partnership with Koda.


Lina Caneva  |  Editor  |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years, and Editor of Pro Bono Australia News since it was founded in 2000.


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

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

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



YOU MAY ALSO LIKE

Shaping Job Interviews to Build Diversity May Be a Game Changer

Maggie Coggan

Wednesday, 7th November 2018 at 5:12 pm

Australians Are Giving Less

Wendy Williams

Thursday, 14th June 2018 at 8:00 am

Australian Gift Deductions Take a Great Leap Forward

Lina Caneva

Thursday, 12th October 2017 at 8:10 am

NFPs Need to Be Aware of What Attracts ATO Attention

Terry Hayes

Wednesday, 22nd March 2017 at 12:57 pm

POPULAR

Report Uncovers Shocking Abuse and Neglect of Adults With Disability

Luke Michael

Monday, 5th November 2018 at 5:29 pm

White Ribbon CEO Puts Hasty Departure Down to Culture Clash

Maggie Coggan

Monday, 12th November 2018 at 5:49 pm

Government Backtracks on Cuts to Food Relief Charity

Maggie Coggan

Monday, 12th November 2018 at 5:42 pm

Disability Groups Cautious Over NDIS Independent Assessment Pilot

Luke Michael

Monday, 12th November 2018 at 5:38 pm

Take Survey
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!