A Strategy to Double Giving by 2030
Philanthropy Australia's submission to the Productivity Commission, May 2023. Despite being behind international counterparts, Australia is well positioned to create a more generous culture and double giving by 2030.
Philanthropy Australia’s submission to the productivity commission.
Australia’s giving compares unfavourably with our counterparts – 0.81 per cent of GDP, compared with 1.84 per cent in New Zealand and 2.1 per cent in the United States. Reaching the NZ proportion of giving would lift annual giving in Australia from $13.1 billion to $30 billion per annum.
Despite being behind international counterparts, Australia is well positioned to create a more generous culture and double giving by 2030.
- We have unprecedented wealth. Over the two decades to 2040, $2.6 trillion will pass to the next generation. If we could pass even just 5-10 per cent to charity, this would unleash $130-260 billion, helping to catapult us to being among the leading philanthropic nations in the world.
- The Government has committed to work with the philanthropic, for-purpose and business sectors to develop a Strategy to double giving by 2030.
- We have high impact reforms available that can double giving to charity – see below.