News / New national philanthropic fund for schools in need /
New national philanthropic fund for schools in need
13 June 2013
The Federal Government has announced the establishment of a new foundation designed to assist schools to foster continuing philanthropic partnerships with individuals and businesses. Deductible gift recipient (DGR) status will be applied to the as-yet-named foundation with tax deductible donations of up to $10 million per annum being accepted. Consultation with the not-for-profit sector is currently underway to determine the structure of the fund and it is anticipated that more details regarding its organisation will be released soon.
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