May 05th, 2020
Like many elements of our economy, Australia’s not-for-profit sector has been hit hard by COVID-19. With thousands of job losses in a sector that contributes more than 8% of Australia’s GDP these losses are impacting on the critical work that charities are delivering in the community.
The requirement for more and better philanthropy has never been more profound, especially after the recent catastrophic bushfires. Philanthropy has a critical role to play in helping to address the challenges of COVID-19 and supporting charities and our communities to build back better in recovery.
Although giving will be hit by the economic impacts of COVID-19, estimated to fall 20% over this and next financial year according to JBWere analysis, Australian philanthropy is determined to step up and respond to this unparalleled challenge.
To strengthen the role that philanthropy can play to tackle COVID-19 Philanthropy Australia has released five policy recommendations for the Federal Government:
Philanthropy Australia appreciates the ongoing collaborative dialogue we are having with the Assistant Minister for Charities and the Australian Government.
Funders: Give Where You Live Foundation and Geelong Community Foundation
For-purpose: Kids Thrive
Award partners: Australian Communities Foundation, Australian Community Philanthropy, Foundation for Rural and Regional Renewal & Lord Mayor's Charitable Foundation.
Funder: Brian and Virginia McNamee Foundation
For-purpose: Women’s Information and Referral Exchange (WIRE)
Award partner: Australian Women Donors Network