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

So we are now underwriting criminal scams?...

2 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 2 weeks ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

3 days 10 hours ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

1 week 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND