Latest News

Back to Latest News back

 

Australian Sports Foundation raises record funds for sport

Australian Sports Foundation raises record funds for sport
November 4, 2016

The Australian Sports Foundation has reported a record $32 million has been fundraised for sport, via tax deductible donations in 2015/16.

The record figure was reported in the Foundation’s first independent Annual Report to the Federal Parliament tabled earlier this week.

The $8 million increase on the $24 million raised in 2014/15, has seen sport at all levels continue to benefit from the generosity of Australians.

Almost 300 new sports organisations joined the Sports Foundation last year, while over 700 new sports fundraising projects were registered.

Federal Minister for Sport Sussan Ley praised the results saying it will foster greater sports participation and deliver healthier and more inclusive communities.

Minister Ley stated “more sports groups now have access to a growing pool of tax deductible funds to assist with the purchase of training and playing equipment and improved facilities. It will lead to improved opportunities for healthy activity for boys and girls, men and women at all levels.”

The Sports Foundation is now self-funding and operates independently from the Australian Sports Commission, ensuring Government funds can be directed to sports and programs in need.

The Sports Foundation retains between 5% and 6% of donations received for operational and administrative costs meaning, on average, around 94.5% of money donated is directed to nominated sports projects. This places the Sports Foundation as one of the leading charities or fundraisers in terms of proportion of donations reaching the project.

Around $12 million was raised for grassroots sport and $7.9 million was raised in partnership with State Fundraising Councils and National Sports Organisations for the Australian Olympic and Paralympic Teams at the Rio Games.

Sports Foundation Chief Executive Patrick Walker said he was delighted with the growth in funding for grassroots and community sport, and expected to see this continue to forge ahead in years to come.

Walker stated “despite the recent growth, however, tax deductible donations to sport still represent only around 1% of all donations.

“We don’t think this reflects sport’s value to the health of our communities and its importance to the average Australian, and are determined to grow funding to $100 million by 2020.”

The Sports Foundation has raised over $300 million for sport since its establishment.

It is listed in the Income Tax Assessment Act as a Deductible Gift Recipient and is the only body in Australian where donations of $2 or more to sports projects are tax deductible.

For fundraising opportunities or to support grassroots sporting communities go to www.asf.org.au 

Image: The Australian Sports Foundation is backing the Fremantle Dockers AFL club's new base in Cockburn, Western Australia.

29th August 2016 - AUSTRALIAN SPORTS FOUNDATION REACHES $300 MILLION TARGET WITH RECORD SPORT DONATIONS

16th June 2016 - GROUNDBREAKING FUNDING NOW AVAILABLE FOR RIO ATHLETES

19th February 2016 - SPORTING LEGENDS BACK ASF GOAL TO EXCEED $300 MILLION IN SPORT FUNDRAISING

20th July 2015 - AUSTRALIANS DONATE A RECORD $24 MILLION TO SPORT AND RECREATION PROJECTS


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Tim Batt Water Solutions

Tim Batt Water Solutions are at the very forefront of the commercial aquatic business in Australia, with over 30 years specific experience supplying and installing chemical control and dosing…

read more

Aquatics / Environment / Recreation / Technology / Venues

 
 

@leisure Planners

@leisure is a team of experienced leisure, aquatic and sports facility managers and planners, with market modelling, sports management, recreation planning, business and GIS qualifications. We have…

read more

Consultants

 
 
 

LIFE FLOOR (Aus & NZ)

Our team believes floors should be beautiful, comfortable, and engineered for safety, even when wet. Life Floor tiles meet six unique performance based standards: slip-resistance, impact absorption,…

read more

Aquatics / Play / Recreation / Safety / Surfaces

 
 

TPEC Pool Enclosures

TPEC Pool Enclosures provide a large range of premium commercial and residential retractable swimming pool, spa and terrace enclosures throughout Australia, servicing residential, local government…

read more

Aquatics / Design / Recreation / Venues

 
 

Enta Australasia

As of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as VIVATICKET Pty Ltd.  Click here to view the VIVATICKET Pty Ltd listing.  19th July 2018 - ENTA…

read more

Technology / Ticketing / Venues

 
 

Hydrocare Pool Services

Hydrocare Pool Services Pty Ltd offer 30 years of experience in aquatic industry features, products and water treatment. Hydrocare Pools has undertaken water treatment for aquatic centres and…

read more

Aquatics / Attractions / Play / Recreation / Technology

 
 

ProSlide Technology

ProSlide is the global leader in water ride design and manufacturing, supplying high-performance water attractions to new and expanding water parks around the world. For over three decades, ProSlide…

read more

Aquatics / Play / Waterparks

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business