Guide to gifts and tax

An arts guide to philanthropic gifts and tax: the dry stuff

This guide will help not-for-profit cultural organisations and individual artists understand the formalities associated with receiving philanthropic gifts. This is your one-stop-shop for tax and legal information about philanthropic fundraising.

Featured Resources

Definitions

The terminology of philanthropy

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Tax Concession Charity (TCC)

(for organisations)   What, how and where

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Deductible Gift Recipient (DGR)

(for organisations)      How to get DGR and what to expect.

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Fundraising events

Advice on donor payments at dinners and auctions

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You will find here:

Key terms and requirements explained in simple language

How-to advice, examples and case studies

Links to additional resources

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Chapters

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1. Background

  • What is philanthropic income?
  • Definitions of key terms used in philanthropic giving.
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2. Organisations

Learn in simple terms:

  • Why being a deductible gift recipient may be useful and what’s involved.
  • The benefits of being a tax concession charity.
  • The protocols associated with receiving gifts.
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3. Individual artists

  • Discover the options for individual artists seeking philanthropic support.
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4. Gift types, conditions and tax implications

  • Be aware of the different types of gifts.
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5. Philanthropic fundraising

  • Tax essentials of philanthropic fundraising including events.
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6. Contacts

  • Discuss your potential for philanthropic income and strategies for getting it with Artsupport Australia staff.
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