EXPENDITURE ON CULTURE BY BUSINESS
Businesses can fund cultural activities in several ways, with assistance usually taking the form of cash sponsorships, in-kind support (e.g. products, materials, advertising, services) or donations.
For sponsorships or in-kind support, businesses often receive advertising or promotional benefits. Donations, on the other hand, are usually made unconditionally. While the donor is not repaid with any benefit or service, businesses and individuals can receive taxation benefits for donations of cash or property to organisations such as those listed on the Australian Government's Register of Cultural Organisations. According to the 2009-10 Annual Report for the Department of the Environment, Water, Heritage and the Arts (DEWHA), 220,884 donations were made to these organisations during that year with a total value of $74.4m.
The Australia Business Arts Foundation (AbaF) conducts an annual survey of private sector support for the arts. It found that arts and cultural organisations received $221 million from the private sector in 2009-10, an increase of 4% on 2008-09 ($212 million). This funding included cash, in-kind sponsorship, corporate donations and donations from foundations, trusts and individuals. Further information is available from the AbaF website www.abaf.org.au.
The Australian Major Performing Arts Group (AMPAG) annually surveys major performing arts companies about the corporate sponsorship and private donations they receive. It found that $54.6m was given to the 28 major opera, music, dance, drama and circus companies in Australia in 2010. Corporate sponsorship accounted for 49% ($26.8m) of total sponsorship and donation revenue, with private giving and fundraising events (net) accounting for 46% ($25.2m) and 5% ($2.6m) respectively. Further information is available from the AMPAG website www.ampag.com.au.
This page last updated 29 January 2013