Did you know...chariable Australians

executive-director/cent/

2 March 2000
| By Jason |

Australians have become more generous in their donations to charities but the number of people giving has remained relatively static.

Australians have become more generous in their donations to charities but the number of people giving has remained relatively static.

According to statistics from the Australian Tax Office and compiled by charity re-search specialist Givewell, there has been a five year trend in increased claims for donations to charities.

Claims of $581 million were made in 1997-1998, an increase of 7.4 per cent on the previous year, with about 3.2 million taxpayers, a third of the individual tax paying population, prepared to dig deep for others.

Previous research by Givewell found that more than sixty five per cent of individ-ual donations were not claimed as a tax deduction and more than 5 million Austra-lians made donations without making a claim for a deduction in their tax returns.

The average annual increase in claims over the last five years was 5.8 per cent, ex-ceeding the rate of inflation, which reflects an increase in donations rather than a trend to claim a deduction or donate in a deductible form.

"This five year trend is the best evidence to date of a stronger culture of giving de-veloping amongst Australians," Givewell executive director Michael Walsh says.

- Jason Spits

Gifts by Individuals

Year 92-93 93-94 94-95 95-96 96-97 97-98

Gifts claimed ($) 439 471 495 528 541 581

Taxpayers

Making claims (m) 3.13 3.16 3.17 3.2 3.15 3.2

Total Taxpayers (m) 9.27 9.39 9.62 9.85 9.8 9.79

Source: Givewell.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 week 4 days ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month 1 week ago

AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies. ...

4 days 3 hours ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

2 weeks ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

3 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Powered by MOMENTUM MEDIA
moneymanagement logo