Donations to the Community Broadcasting Foundation are now tax deductible.
The tax deducatbility status was confirmed today by Communications Minister Mitch Fifield:
“I am pleased that the Turnbull Government has agreed to support the listing of the Community Broadcasting Foundation on the Register of Cultural Organisations. This will enable the Foundation to further support community broadcasters.
“Community broadcasters make a valuable contribution to media diversity in Australia. That is why the Government allocates substantial funding to support community broadcasters, and I have been pleased to make announcements over recent months that even more funding will be provided for these services.
“The Community Broadcasting Foundation is a terrific steward of this funding, and I am delighted that the capacity to now receive tax deductible donations represents a further vote of confidence and support in community broadcasting from the Turnbull Government.”
Every week, community broadcasting engages more than 5.2 million listeners across Australia. Last year, the CBF distributed 617 grants to 230 organisationa.
President of the CBF, Peter Batchelor believes this signifies an exciting new chapter for community broadcasters. “Community broadcasters are creating genuine connections in the community every day, sharing unique local stories and enhancing our culture. Tax-deductible donations will help us grow our income and distribute more funds to broadcasters”.