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Kathy Davis - Artsupport Australia
 

Kathy Davis - Artsupport Australia

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Kathy Davis from Artsupport Australia presents on philanthropy & fundraising. Please also note the uploaded document prepared by Kathy, 'Top 10 tips for working with philanthropic trusts and ...

Kathy Davis from Artsupport Australia presents on philanthropy & fundraising. Please also note the uploaded document prepared by Kathy, 'Top 10 tips for working with philanthropic trusts and foundations.'

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    Kathy Davis - Artsupport Australia Kathy Davis - Artsupport Australia Presentation Transcript

    • An initiative of the Australia Council for the Arts to grow cultural philanthropy
    • Kathy Davis Queensland manager GPO Box 1436 Brisbane QLD 4001 t: 07 3235 4023 f: 07 3235 4001 m: 0417 068 483 e: k.davis@australiacouncil.gov.au www.australiacouncil.gov.au/philanthropy
    • Objectives • For you to understand and incorporate philanthropy as part of the solution to financial challenges facing the arts sector Format • questions throughout • part one - overview on philanthropy and the arts • part two – case study, group exercise and presentations
    • Definition Philanthropy is Greek for • Love of human kind Modern interpretion • Giving for charitable purposes – no strings attached
    • Philanthropy is … different from : • Government (public initiatives for public good) & • Business (private initiatives for private good). • Difference between philanthropy and sponsorship
    • History of Artsupport Australia
    • Why have an Artsupport Australia? • To support the arts in developing philanthropy • Many arts organisations derive too much income from too limited a number of sources - DANGER • To grow philanthropy by identifying potential philanthropists and developing relationships • To provide a matching service i.e. matching projects to non-government funders
    • Key focus areas • To encourage income from donor programs • These can include the following: - annual giving - major gifts - capital campaigns - events - bequests • Grants from philanthropic trusts and foundations set up by private individuals/families or corporates
    • Our process • Client meeting • Develop wish list • Expand on this to truly understand was funds are needed for • Talk with the Board to inspire them about projects and gain vital support • Develop philanthropy plan which is presented to the Board • Support the organisation in rolling out the plan including helping them to match projects with Trusts/Foundations • Maintain relationship with the Board and the organisation
    • What is a Foundation? • A non-government, non-profit organisation • Usually has a principal fund or endowment • Managed by trustees or board of directors • Makes grants, primarily to non-profit organisations • Sometimes a Foundation will carry out their own programs/research • Generally quite free from government control, but must fund charitable purposes • To be eligible for funding from a trust or foundation you need to be a Deductible Gift Recipient in 99.9% of cases
    • Examples Sidney Myer, Ian Potter, Harold Mitchell, Perpetual, CAL Cultural Fund, Coca- Cola Australia, Colonial, Foundation for Young Australians, Collier Charitable Fund, FRRR, GCBF, Gordon Darling, J B Seed, John T Reid, Westpac, Rio Tinto, Macquarie, Mazda, Nelson Meers, Scanlon, Scully, Sony, Telstra, Trust Company, Vodafone…to name a few.
    • How do you research them? https://www.ourcommunity.com .au/newsletter/1/sample.pdf Just Google Our Community
    • Philanthropy in Australia • PA estimates there are over 2,500 foundations in Australia disbursing half a billion to $1 billion annually • There has been significant growth in the number of foundations since the introduction of Prescribed Private Funds (PPF’s) structure in 2001 (now over 800 & they are now called Private Ancillary Funds with slightly different rules) • Many of the older foundations are based in Victoria due to past tax incentives in Victoria • Foundations are independent entities • Important legal constraints govern foundations • All foundations are different with separate aims and methods
    • Philanthropy in Australia • Some foundations can only fund in particular geographic areas • Foundations like to co-fund…but be careful not to see them as just another pot of money • Many will not fund what they regard as a government responsibility • They are all different and frequently change their priorities, so do your research • Develop relationships with them by picking up the phone well in advance of the closing date and posing intelligent questions following your web research
    • Eligibility - Know Your Tax Status • Most foundations legally must fund certain types of organisation • Some must fund only TCC (tax concession charity) or DGR (deductible gift recipient) and some must fund organisations with both endorsements • The ATO is responsible for endorsing non-profits as TCC or DGR • Notification(s) of endorsement: There are two types of DGR: DGR 1 and DGR 2 or “doing” and “giving” DGR – most foundations can fund only DGR 1
    • Eligibility - Know Your Tax Status • Most foundations legally must fund certain types of organisation • Some must fund only TCC (tax concession charity) or DGR (deductible gift recipient) and some must fund organisations with both endorsements • The ATO is responsible for endorsing non-profits as TCC or DGR • Notification(s) of endorsement: There are two types of DGR: DGR 1 and DGR 2 or “doing” and “giving” DGR – most foundations can fund only DGR 1
    • • Get yourself on the Register of Cultural Organisations – Google ROCO • Get DGR & TCC from ATO. Download GiftPack • Identify funding needs i.e. develop wish list • Determine best fundraising plan • Recruit business minded board members • Commit resources to developing relationships
    • Observed impact of GFC to date • Less well established visual artists experiencing difficulty achieving sales over $10,000 • Art sales through the 3 big auction houses fell by 27% to 75% between end 2007 and end 2008 • Up to 20 art centres in Central Australia – drop in turnover, with some experiencing drop of 50% • Some big Hollywood productions have pulled back from filming in Queensland • No particularly loud alarm bells re ticket sales • Some reductions in the size of donation & shorter term – less 3 year funding • Some foundations have frozen funding or reduced grant size • Huge increase in competition for foundation funding
    • Positives • Work by recognised/well established visual artists has continued to sell well in commercial galleries in Mel, Syd, Bris and C’berra • Modest growth in sales for smaller paintings/prints/graphics by emerging visual artists • Consistent growth in philanthropy through Private Ancillary Funds
    • Kathy Davis Queensland Manager GPO Box 1436 Brisbane QLD 4001 t: 07 3235 4023 f: 07 3235 4001 m: 0417 068 483 e: k.davis@australiacouncil.gov.au www.australiacouncil.gov.au/philanthropy