Published on 01 Apr 21
by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE
Australian donors making large charitable gifts are increasingly specifying the purpose for which their donated funds can be used by the recipient charity. While government policy encouraging philanthropy through tax incentives endeavors to facilitate these donor-restricted charitable gifts, such gifts also require appropriate oversight by the tax system to ensure that the boundary between what is public and benefifits the community and what is private and benefifits the individual is preserved. This paper examines the legal response in Australia to donor-restricted charitable gifts and considers the implications of the tax treatment accorded to these gifts for charities and their donors.
Natalie is a Lecturer, The University of Sydney Law School.
Current 6 April 2021.