Is being endorsed as a DGR going to be valuable to our organisation?
Before you go to the trouble of applying for endorsement as a DGR, it is worth noting that your organisation will only benefit from being endorsed as a DGR if: • it receives gifts from the public; or • it wants to attract funds from organisations (from certain grant makers and philanthropic bodies) which only give to DGRs. Unlike donations from individuals, businesses that might want to donate to a not-for-profit organisation can usually claim their donation as a deduction from their tax under other provisions in the Tax Act. So, whether your organisation is a DGR may not be relevant for organisations wanting to attract corporate funding. Certain categories of DGR status also allow your organisation to offer salary packaging benefits to your employees. Many of the categories for endorsement as a DGR have certain conditions that apply to them. Your organisation will need to comply with these conditions. There are also record-keeping and reporting requirements that come with being a DGR.
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