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.
The Australian Government has announced a review of the Australian Charities and Not-for-profits Commission (ACNC) legislation.
Advocacy & Insight Manager, Krystian Seibert, outlines Philanthropy Australia's engagement with the review.
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