Money

Charities call for help as donations plunge


Wealth adviser Lisa Barber with food that she gives to charities for Christmas. Photo: Bob Barker.

IT’S the season of giving, and a growing number of charities are seeking your help.

Christmas is the second-busiest time of the year for charities, after annual the tax deduction stampede in June, but the options for giving are wider than at other times.

Latest statistics from the Tax Office show that 4.5 million Australians make tax deductible donations each year, and the amount given climbed 16 per cent to $2.62 billion between 2012 and 2014.

However, NAB’s recent charitable giving Index found the overall rate of giving declined by 0.3 per cent in the 12 months to August this year, dragged down by a 3.9 per cent drop in donations among 25-to-34 year olds. The average annual donation size is $348 per donor.

Giving at Christmas is about more than just money. The official data doesn’t show how much is given away in food hampers or toys left under wishing trees at shopping centres, whil…

Read the full article at: http://www.news.com.au/finance/money/charities-hope-christmas-donations-reverse-negative-trend/story-e6frfmci-1228066736549

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