If you’re seeking funding from Australian philanthropic trusts and foundations, we recommend taking the following steps:
Foundations have different legal limitations depending upon their legal structure and trust deed. As a general guideline, foundations are only permitted to fund organisations that have one or both of the following charitable endorsements from the ATO:
It is important to note that you cannot expect to source all, or even a large percentage, of your funding from philanthropic trusts and foundations. Most charitable organisations can expect less than 10% of their funding to come from the philanthropic sector. There are many other ways to ensure your organisation's financial viability, including:
For-profit businesses are generally not able to access philanthropic funding, as philanthropic trusts and foundations are limited by law to fund only charitable projects. If you are seeking funding for a for-profit enterprise we recommend pursuing government grants and assistance schemes. BusiGrants is a particularly useful resource.
Australian philanthropic trusts and foundations are limited by law to fund only charitable organisations and cannot legally make grants to individuals.
Although most philanthropic funding available for individuals is in the form of scholarships, fellowships, research grants or travel grants, more and more crowd-funding sources are also available.
If you are looking for funding to assist with personal costs such as payment of household bills, compassionate funding or emergency funds, you should seek assistance from a charity.
In conversation with Nicole Richards at the Philanthropy Meets Parliament Summit, Daniel Lee shared his insights on topics including the role of philanthropy as a driver of systems change which addresses root causes of social challenges, the relationship between philanthropy and government and what the new political environment in the United States means for philanthropy.
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