Consultation on the final component of new Community Foundations DGR Category
The Australian Government has released draft ministerial guidelines for community foundations for public consultation. The guidelines are the final component needed before the new deductible gift recipient (DGR) category for community foundations can start. The guidelines will apply to entities within the new DGR category, outlining requirements for governance, record keeping and permitted activities. Treasury is inviting submissions in response to the guidelines, with consultation open up until 3 December 2024.
The new DGR category is a significant reform, secured through the advocacy of Community Foundations Australia, Philanthropy Australia and our members and partners, over many years. It will make it easier for community foundations to receive funds, including from private ancillary funds, and also facilitate granting to organisations and groups without DGR status.
Philanthropy Australia, in partnership with Community Foundations Australia, will be making a submission in response to the draft guidelines. This will be shared with members in draft form, seeking input and feedback. Members are encouraged to provide any initial views and perspectives by contacting our Executive Director – Policy, Government Relations and Research, Krystian Seibert ([email protected]).