New program to encourage philanthropy to the arts in WA

The Western Australian Department of Culture and the Arts, with input from ArtSupport Australia, have launched Australia’s first Philanthropy Incentive Program.

The Philanthropy Incentive Program will encourage individuals, groups and businesses to establish charitable trusts and boost philanthropy to the arts, by encouraging the establishment of philanthropic funds of $500,000 or more.

New philanthropic funds or foundations can participate in the Program which contributes up to 7.5 per cent of the initial capital start-up funds in a new fund or foundation to a Western Australian arts organisation. The benefit of this is that it allows newly established funds to leverage their contributions with an additional contribution by the Western Australian State Government.

Eligibility guidelines and further information on the Program is available via the Department of Culture and the Art’s website, or by calling (08) 9224 7300.

Jul. 01, 2008

 Tags: news

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