Tax Initiatives

Tax Initiatives to Encourage Philanthropy

To be tax deductible a gift must be made to a DGR (a Deductible Gift Recipient). Stewart House was endorsed as a DGR on 1 July 2000, ABN 69415826848.

There are a couple of very useful publications that you or your company representative may like to refer to:

please click and read or download: "Gift Pack for Deductible Gift Recipients and Donors" and or "Non-profit organizations and fundraising",

Tax incentives are recognized as an important mechanism for increasing philanthropy. Tax concessions represent indirect expenditure by Government through revenue forgone, and are therefore viewed as a means for both the Government and the public at large to contribute to community activities. Unlike direct expenditure appropriated from tax revenue, tax incentives provide a method for the public to determine where their money goes. Many donors acknowledge that a tax benefits reduces the real cost of a gift and thus provides an opportunity for them to give more.

Requirements for a gift to be tax deductible
For a donor to claim a deduction for a gift, there are several requirements:

  • The gift must be made to a deductible gift recipient (DGR)
  • The payment must really be a gift
  • The gift must be of money or property that is covered by one of the gift types, and
  • Any gift conditions must be satisfied