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Philanthropic support secures $43.5 million for sport in last financial year
Australians have donated almost $165 million to sport via the Australian Sports Foundation over the past four years after the Sports Foundation posted $43.5 million in revenue from donations and grants in 2018/19.
The financial year result was the third consecutive year the Sports Foundation has received over $43 million.
Advising that the result shows the high regard Australians place in sport and the important role sport plays within communities, Foundation Chief Executive, Patrick Walker stated “the 2018/19 financial year was another strong result for the philanthropic funding for sport at all levels throughout Australia. Sport helps create better, healthier and more vibrant societies and we thank Australians for their continued generosity and support of their club and community.
“Active sports participation has many proven health benefits such as combatting obesity and other health problems that are linked to sedentary lifestyles, including heart disease and cancers.
“Sport also has the unique ability to bring together people from different backgrounds and cultures and provides a positive movement for social change and social inclusion, particularly in multi-racial communities where participation and involvement can provide a unified bond.”
Noting several fundraising highlights in 2018/19, Walker added “we saw a 41% increase in the number of donations received - up from 17,592 donations last year, to a record 24,937. This means more clubs received more philanthropic support from more members and supporters. This increase in volume is highly encouraging and bodes well for the future.
“Additionally, the number of fundraising partners grew by almost 20%, taking total numbers fundraising with us to over 2,600.
“Representative athletes raised more than $2.4 million in FY19 to support their training, coaching and competition costs - more than double the previous year.
“With an Olympic year upon us, we aim to help our hardworking - and often unsung - Olympic and Paralympic athletes get the best support possible in the run up to Tokyo 2020.”
“Most national and international standard athletes do not receive grants, subsidies or scholarships and therefore will be reliant on tax deductible fundraising via the Sports Foundation to help them compete against our better-funded international competitors.”
Australian rules football reclaimed the position of the top fundraising sport rising 38% from $12.27 million in 2017/18 to $16.98 million in 2018/19.
Multi-sports ($4.58 million), golf ($4.08 million) and rugby union ($3.80 million) rounded off the top four sports.
Rugby union enjoyed a 44% increase in funds raised from $2.641 million to $3.80 million while football jumped 20% from $1.388 to $1.738 million.
The biggest improver was basketball which saw fundraising soar 807% from $215,512 in 2017/18 to $1.95 million raised last financial year.
Here Walker advised “basketball’s result was quite stunning. The sport has some ambitious plans for the new financial year and further improvement is anticipated.”
The top 10 fundraising sports in 2018/19 were:
The Foundation was established by the Federal Government in 1986 to incentivise community, corporate and philanthropic investment in sport.
It is listed in the Income Tax Assessment Act as a Deductible Gift Recipient (DGR) and is the only body in Australian that can provide tax-deductions for donations of $2 or more to sports projects.
It has also established a Charitable Fund, enabling it to receive financial support from Private and Public Ancillary Funds and Charitable Foundations.
Image: Basketball attracted the biggest rise in undraising in the last last financial year.
21st March 2019 - Australian Sports Foundation eases tax time donations process
16th February 2019 - Rugby Australia uses charitable foundation to pay elite player salaries
10th November 2018 - Trio of Olympians join Australian Sports Foundation board
30th July 2018 - Australian Sports Foundation creates new charitable fund
2nd August 2017 - Australian Sports Foundation achieves record $44.75 million fundraising
11th January 2017 - Sports Foundation grants help increase participation
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