Giving in Australia
Sharing your wealth to make a difference can be enormously rewarding, but many Australians take an ad-hoc approach to their giving, making it difficult to see the impact of their generosity.
There are all sorts of ways in which you can help the wider community.
You could consider:
- Volunteering your time and skills
- Donating money directly to charity
- Setting up your own private ancillary fund
- Joining a public ancillary fund
- Leaving a bequest in your will.
Ancillary funds are a simple and effective way to help you make the most of your giving. Public ancillary funds and private ancillary funds are the two types of foundations in Australia that facilitate immediate income tax deductions for individuals while supporting the charities of their choice over many years.
“Philanthropy is a part of life: a commitment by those who are successful, or wish to be, and a joy sought and nurtured by all who are in a position to give. “
The Gonski Foundation