Gifts of trading stock to DGRs

Many businesses and DGRs overlook the ability to claim a tax deduction for a gift of trading stock. Trading stock is defined as anything a business produces, manufactures or acquires, to manufacture, sell or exchange and includes livestock. Trading stock is subject to special tax rules that enable a business to [...]

2021-09-28T14:03:24+10:00September 28th, 2021|

Shed load of donations – Men’s Shed DGR status

There are currently over 1,000 community sheds for men in Australia, and around 20 community sheds for women. The make-up of sheds comprises a high level of men from regional and remote areas and from lower socio-economic areas when compared to the general population.  Men’s Sheds are thus ideally placed as [...]

2021-02-16T08:50:52+10:00February 16th, 2021|

Donor seeks Control over Gift

Arecent Canadian court case demonstrates the pitfalls of philanthropic donations and the need to specify conditions in Donor Investment Agreements (DIA). The case of FASS v Centre for Addiction and Mental Health 2018 highlights the issue of donor rights in the direction taken by the recipient organisation in relation to the funding. The court found [...]

2018-12-02T12:53:14+10:00November 14th, 2018|
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