Newsletter: Deductible donations
Anyone who makes a donation over two dollars to an organisation that is registered as a deductible gift recipient (DGR) can claim it as a tax deduction.
Most charities advertise their DGR status but you can search the ABN lookup to see if an organisation is registered http://www.abn.business.gov.au/ or download the full DGR listing here http://www.abn.business.gov.au/Tools/DgrListing
A donation is a gift where they donor does not receive any material benefit from the organisation in return.
A “contribution” is where you receive a material benefit in return (i.e. you purchase a ticket to a fundraising dinner). For a contribution to be tax deductible, it must comply with these conditions:
- be made to a DGR;
- be in respect of an eligible fundraising event;
- be an eligible contribution;
- comply with any extra conditions that apply to some DGRs: https://www.ato.gov.au/Non-profit/Gifts-and-fundraising/In-detail/Fundraising/Extra-conditions-for-some-DGRs/
