By Amanda Martin OAM, CEO AEGN
Philanthropy Australia, the national peak body for philanthropy, has unveiled a new blueprint to double the level of structured giving in Australia by 2030.
A blueprint to grow structured giving, emphasises the opportunity we have to harness $2.6 trillion in intergenerational wealth that will be passed from baby boomers to their children in the next two decades.
Launched at Philanthropy Australia’s national conference several weeks ago, the report highlights their plan to double the $2.5 billion in structured giving that was estimated in 2020 to grow to $5 billion by 2030.
Australian tax data from 2017-18 showed that only half of individuals earning over $1 million a year claimed tax deductible donations. This compares significantly to 90 per cent in the United States, according to Pro Bono Australia.
The report outlines structured and non-structured giving in Australia. See the diagram from Philanthropy Australia’s blueprint to grow structured giving.
Structured and non-structured giving in Australia, 2017-18
Environmental giving trends
The AEGN’s Environmental Giving Trends 2020 report shows that PAF giving represents around 2.5 per cent and overall charitable giving represents 0.5 per cent. Following the AEGN’s very successful The Environmental Giving Pledge which raised an extra $120 million from 2017 to 2020, we aim to launch another giving campaign to achieve rapid environmental protection.
17 December 2020