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 DEWHA's Annual Report for 2007-08, 140,793 donations were made to these organisations during that year with a total value of $54.6m.
A survey conducted by the Australia Business Arts Foundation (AbaF) found that arts and cultural organisations received $202 million from the private sector in 2007-08, an 18% increase on 2006-07 ($171 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.
Another survey conducted by the Australian Major Performing Arts Group (AMPAG) found that $49.6m was given to the 29 major opera, music, dance, drama and circus companies in Australia in 2008. Corporate sponsorship accounted for 55% of total sponsorship and donation revenue, donations 40% and fundraising events (net) 5%. Further information is available from the AMPAG website www.ampag.com.au.
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