The Australian Financial Review --- Page: 38 : 7 November 2007 Original article by Ingrid Mansell
LexisNexis Summary
Many Australians now include philanthropy as part of their investment strategy. The average Australian is now just as likely to make donations to charitable causes as the exceedingly wealthy. This trend has given rise to the growing industry of philanthropic advisory services. Would-be philanthropists have a number of options for channelling their money into charitable causes, including prescribed private funds and charitable endowment funds. Tax deductions provide an incentive to donate to charitable causes. However, Christopher Thorn of Goldman Sachs JBWere says reputable financial planners generally avoid dealing with people for whom tax breaks are the sole motivation for becoming a philanthropist.
