Tax Deductible Giving in 2004-2005

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Title: Tax Deductible Giving in 2004-05 Author: Centre of Philanthropy and Nonprofit Studies Type: Current Issues Information Sheet Focus: Statistics on giving Date: May 2007 Publisher: Queensland University of Technology Download: Current Issues Information Sheet from CPNS website (PDF)

This paper analyses tax-deductible donations made by Australian taxpayers to DGRs for the period 1 July 2004 to 30 June 2005 extracted from the Australian Taxation Office's publication Taxation Statistics 2004-2005. It is part of a series of Current Issues Information Sheets released by QUT’s Centre of Philanthropy and Nonprofit Studies (CPNS), analysing statistics on tax-deductible donations made by Australians in their individual income tax returns to Deductible Gift Recipients (DGRs).

Amongst the findings of this research:

• The total amount donated and claimed as tax-deductible donations in 2004-05 was $1.47 billion (compared to $1.16 billion for the previous income year)
• The average tax-deductible donation made and claimed by Australian taxpayers to DGRs in 2005 was $341.29 (compared to $300.61 the previous income year)
  • This average amount has doubled in the last decade
• Yes, in 2004-05, 4.3 million Australian taxpayers (or 38.38%) made and claimed tax-deductible donations
  • This percentage has increased over the past decade from 33%
• Over the past five years tax deductible giving has increased by 11.37% per annum
• In the latest year 2004-05, the increase was 26.39%