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Donations to non DGR (but NFP) entity

Enthusiast

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Hi

 

The Business entity set up an "official" fundraising cause for NFP organisation (not DGR). Can these expenses be deductible for the business? If yes, how they shoud be categorised? (Donations?, Sponsorship?)

 

For e.g, setting up high school scholarships or fund-raising event for a local footy club.

 

Thanks. 

 

PinkyT

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Devotee

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@PinkyThave you seen this page?

https://www.ato.gov.au/non-profit/gifts-and-fundraising/fundraising-events/running-fundraising-event...

 

If the business who is supporting the event gets a benefit for their contribution its generally not tax deductible. If there is no benefit than it can be tax deductible. To claim there's a list of conditions on the website. I would categorise as donation if there's nothing received in return

 

You may also find this link helpful - https://www.ato.gov.au/Non-profit/Gifts-and-fundraising/In-detail/Fundraising/State,-territory-and-l...

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Moderator

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Hi @PinkyT,

 

We sent your question through to a specialist area to get an answer for you. We'll get back to you soon Smiley Happy

 

Thanks, NateH

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Best answer

Devotee

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@PinkyThave you seen this page?

https://www.ato.gov.au/non-profit/gifts-and-fundraising/fundraising-events/running-fundraising-event...

 

If the business who is supporting the event gets a benefit for their contribution its generally not tax deductible. If there is no benefit than it can be tax deductible. To claim there's a list of conditions on the website. I would categorise as donation if there's nothing received in return

 

You may also find this link helpful - https://www.ato.gov.au/Non-profit/Gifts-and-fundraising/In-detail/Fundraising/State,-territory-and-l...