August 19th, 2015
Australia has experienced record growth rates and its population is wealthier than ever, but philanthropic giving is now lower than it was 30 years ago.
Taxpayers are giving an amount equivalent to only 0.57% of GDP, compared to their counterparts in the US, who give 2% of GDP each year, the 2015 Koda Capital Australian Giving Review found.
The proportion of Australians claiming a gift or donation is stagnant and remains below the level it reached in 1985-1986. In fact, taxpayers are only giving 0.32% of their taxable income.
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In conversation with Nicole Richards at the Philanthropy Meets Parliament Summit, Daniel Lee shared his insights on topics including the role of philanthropy as a driver of systems change which addresses root causes of social challenges, the relationship between philanthropy and government and what the new political environment in the United States means for philanthropy.