New overseas deductible gift recipients

1. A gift or donation of a value of $2 or more is generally an allowable tax deduction as long as it is made to an organisation that is a Deductible Gift Recipient (DGR). A DGR is an entity or fund that can receive tax deductible gifts or donations.
   
2. The Assistant Treasurer has recently declared a number of overseas funds to be developing relief funds under the tax law. Some of the funds declared include:
   
   
   ·         African Aids Foundation Overseas Aid Fund;
   ·         Friends of New Hope India Relief Fund Gift Account;
   ·         Wellwishers Ethiopia Gift Fund
   ·         Indochina Starfish Foundation Gift Fund; and
   ·         Healthserve Australia Overseas Aid Fund
   
   
   From November 9, 2011 donations to these funds are tax deductible.
   
   
3. To be deductible, a gift or donation must also meet several other conditions. Click here for more information.