End of Financial Year - Donation Options

With the end of financial year approaching, we have received many enquiries from people wishing to make a tax deductible donation before the end of June. Here are answers to the most frequently asked questions.

Q: Where can I find some tax-deductible charities to donate to?

A: Associate Members of Philanthropy Australia who may be suitable donees are listed on our Getting Involved » Giving to Charity page. Other listings of organisations which are seeking donations include OurCommunity, Pro Bono Australia, and OzCharity.

Q: Where do I start if I want to set up a foundation before the end of financial year?

A: If you’re looking to establish a Prescribed Private Fund, it’s probably already too late to get Treasury and ATO approval in time to make a tax deductible donation before the end of this financial year. However, it is not too late to establish a managed account (also known as sub-fund) with your local Community Foundation or with an ‘umbrella’ foundation managed by a Trustee Company or wealth manager.

For more information on the different options see A Guide to Giving for Australians. See also our list of Service Providers at for professional advisors who assist with establishing foundations.

Q: How much of a deduction can I get?

A: See the ATO’s page on tax deductible donations for more information.

Q: Can I donate property or goods?

A: See the ATO’s page on tax deductible donations for more information.

Q: Does a PPF need to have a separate trust deed? Who can the trustees be?

A: See the PPF section of the ATO’s website for PPF guidelines, and also see PhilanthropyWiki’s PPF section and the PPFs and Philanthropy website.

May. 14, 2009

 Tags: general, finance

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