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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.

For more information on education related issues contact:

Tracey Jessie | Partner
Mullins Lawyers
t +61 7 3224 0390
f +61 7 3224 0333

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