November 25th, 2014
Philanthropy Australia has released a submission to the Prime Minister’s Community Business Partnership, setting out some early wins which can help grow philanthropy in Australia.
“Philanthropy Australia strongly supports the re-establishment of the Prime Minister’s Community Business Partnership,” Philanthropy Australia CEO, Louise Walsh, said.
“As the peak body for philanthropy in Australia, we are looking forward to working with Members of the Partnership to deliver real and tangible outcomes which will help take giving in Australia to the next level.
“To provide the Partnership with a head start, we’ve engaged with our membership to develop ‘Early Wins to Grow Philanthropy and its Impact’.
“It sets out a variety of proposals which address red tape burdens which are a barrier to giving; improve existing giving vehicles to make them more flexible and effective; support impact investment; foster collaboration; and help to drive awareness of giving and its benefits,” Louise Walsh said.
The Prime Minister’s Community Business Partnership brings together Government, community and business leaders to advise the Australian Government on strategies to foster philanthropy and volunteering.
It includes Philanthropy Australia Members such as Alexandra Gartmann from the Foundation for Rural and Regional Renewal, Nicola Forrest of the Minderoo Foundation, Peter Scott of Perpetual and Kevin Bailey.
The original Community Business Partnership established by former Prime Minister John Howard was a big success, and was responsible for the introduction of some of the most significant reforms designed to grow philanthropy in Australia.
“A number of the early wins we outline in our ‘Early Wins to Grow Philanthropy and its Impact’ submission focus on building on the reforms introduced under the previous Community Business Partnership, for example through addressing issues with the current regulatory framework for Private Ancillary Funds, and by putting forward ways we can grow workplace giving even more,” Louise Walsh said.
“Getting some quick runs on the board by implementing some early wins would demonstrate the effectiveness of the Partnership as a vehicle for delivering practical policy changes, recognising that more substantial proposals will require time to discuss, develop and implement.
“Philanthropy Australia will also be consulting with our Members and preparing more substantial and transformative proposals for the Partnership’s consideration in due course,” Louise Walsh said.
‘Early Wins to Grow Philanthropy and its Impact’ is available to download below:
Media Contact – Dianne Jickell
Mobile: 0424 460 943
Louise Walsh (CEO) is available for interviews
About Philanthropy Australia
Philanthropy Australia is the national peak body for philanthropy and is a not-for-profit membership organisation with a more than 800-strong membership.
Our Members are trusts and foundations, businesses, families and individuals who want to make a difference through their own philanthropy and to encourage others with their giving.
As the national peak body we offer representation, networking, services and information to members and others in the not-for-profit sector, carrying out our mission to represent, grow and inspire an effective and robust philanthropic sector in the community.
Philanthropy Australia has defined Early Wins as changes which:
• Involve minimal or no cost to Government;
• Are relatively simple to implement, in that any necessary legislative or regulatory changes are not overly complex or lengthy; and
• Can realistically be implemented within 12-18 months of the Partnership’s first meeting (although some wins could easily be implemented much sooner)
Many of the wins can be implemented without any changes to primary legislation (Acts of Parliament).
The Early Wins are:
1. Introducing portability for Private Ancillary Funds
2. Allowing Public Ancillary Funds to receive distributions from other Ancillary Funds
3. Providing Public Ancillary Funds with the flexibility to allow donors to make binding directions regarding how their donations are distributed
4. Allowing Ancillary Funds to provide third party guarantees
5. Providing clarity for Private Ancillary Funds undertaking impact investment
6. Encouraging foreign investor support for impact investment and philanthropy
7. Simplifying property donation rules
8. Supporting better collaboration
9. Establishing the Prime Minister’s Giving Awards
10. Empowering employers and employees to make their own decisions about structuring workplace giving programs
11. Energising workplace giving within the Commonwealth Public Service
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