March 09th, 2015
Donations to the most needy public schools in Australia will now be tax-deductible, giving thousands of disadvantaged schools across the country the same access to philanthropic funding from wealthy donors and corporations that once traditionally benefited private schools.
The Senate last week passed a bill to give Australian Schools Plus, an education charity set up to give disadvantaged schools access to private donations, deductible gift recipient status, ensuring donations over $2 to schools via Schools Plus are now tax-deductible.
Until now, tax-deductible donations to public schools have been limited to building, library or scholarships funds but donors will now be able to give money to Schools Plus or nominate a disadvantaged school of their choice. More than 4500 schools across Australian, and 1340 in NSW, have been identified as disadvantaged.
Schools Plus will connect donors who have an interest in education with the schools that will benefit the most, providing much-needed funding to trial new initiatives or run proven programs that have a strong impact on student success. Schools can also apply directly to the charity for funding.
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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.