ShareGift Australia's board of directors encourages all Australian charities to ensure you are meeting the basic governance standards required for a private or public ancillary fund (ShareGift Australia is a public ancillary fund) to donate to your organisation.
To receive funding, your organisation must:
- have Deductible Gift Recipient (DGR) Item 1 status or is a government linked entity with DGR Item 1 status with an aligned purpose under 2013 Charities Act (such as a public hospital, public library, state art gallery or state art institution), and
- be endorsed by the Australian Taxation Office (ATO) as a Tax Concession Charity (TCC) with Income Tax Exemption status.
To assist with best practice among Australian charities, we also recommend the following steps:
- List your charity’s ABN on the donation pages of your charity’s website
- Ensure your charity’s company record is complete on the Australian Charities and Not-for-profits Commission’s (ACNC) Register
- Follow the Australian Taxation Office’s (ATO) recommendations for receipting tax deductible gift
How poor governance may be limiting your giving – and 10 tips for improvement
An estimated $14.3 billion is now held in over 3,000 private and public ancillary funds in Australia.
In a ProBono Australia article, our Executive Director, Anna Draffin offers her top #10tips to make sure your charity is best placed to receive donations from such ancillary funds – the expected and the unexpected.
Do you already have these tips in place?