Recurring Gift: Fill & Download for Free

I’m not sure if ‘most Australians’ don’t know this - but I didn’t until it became applicable to me and I know others I talked to were also confused about it.There is no tax payable on gifts. Your taxable income is tied to your work. If someone gives a gift of money and you didn’t work in return for it, there is no tax payable. If someone who is not associated with your employment buys you a house, there is no tax payable. If someone you don’t work for buys you a car, there is no tax payable.Gift Tax - Lawyers and Legal Services AustraliaHow Much Do You Know About Gift Tax In Australia?EDIT: A couple of extra points.A regularly recurring gift may be taxable.Any income earned from that gift is taxable.Keep records of your gifts anyway just to be safe. In the event of an audit, the ATO will want to know your extra income did not come a meth lab.

Recurring gifts are a form of continuous support for a cause through which a donor commits to gift a fixed amount every month through credit cards or direct debits. Also known as monthly giving plans, recurring gifts are known to boost fundraising by up to four times.Source : Recurring Gifts

Try a recurring gift campaign!Monthly recurring gifts are an easy means for low-dollar donorsto give an amount they can afford and make a big impact by the end of the year, providing a low-cost means of increasing your revenue stream. Convertingone-time donors to recurring donors will help boost retention and will resultin higher annual support for your organization.Did you know that an average recurring gift from a low-dollar donor is about $20/mo, or $250/yr? This is significantly higher than the average one-time gift from this group. With the tough economic times, many low-dollar donors have stopped giving altogether. What’s more, if you continue to provide them with relevant information about their gifts at work over the course of the year, they are more likely to increase their monthly contribution in the following year.If you haven’t attempted a recurring gift campaign, now’s the time to try! With a Valentine’s Day Appeal right around the corner, you’ve got theperfect opportunity to give your low-dollar donors a chance to support yourorganization all year long.Do not over-solicit your recurring donors. Once a supporter has converted to a recurring gift, make sure they are not overly-solicited. They are already providing a monthly contribution so you’ll want to be judicious about the type and frequency of Appeals you send to them. Communications to recurring donors should primarily be focused on relaying information about their gifts at work in an effort to foster the relationship and build donor loyalty.Good luck! For more online giving tips, please visit us at http://www.papilia.com/publications.