Public Benevolent Institution
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Public Benevolent Institution Definition
A Public Benevolent Institution (PBI) is a type of Deductible Gift Recipient whose dominant purpose is the direct relief of poverty, sickness, destitution, suffering or misfortune, and for the benefit of the community or a section of it. PBIs are a subcategory of the ‘welfare and rights’ category listed in Division 3 of the Income Tax Assessment Act 1997. The Australian Taxation Office has issued a ruling on the definition of PBI in TR 2003/5 which is available on the ATO website http://www.ato.gov.au.