Collective and collaborative giving is on the rise in Australia, with more than a third of philanthropists suggesting they give as a group as well as individually.
The latest giving patterns of high-net-worth (HNW) and institutional givers was released by Giving Australia 2016 this week as part of a program run by the Department of Social Services.
Perpetual, one of Australia's largest managers of philanthropic funds, welcomed the launch of the Giving Australia 2016 report.
The report notes how the area of social impact investing is starting to make inroads, with one in five philanthropists surveyed saying they had impact investments in their respective fund portfolio.
Speaking at an event for not-for-profit and philanthropy clients and partners, Perpetual managing director and chief executive Geoff Lloyd said the Giving Australia project was a landmark study for Australia's not-for-profit sector, community and policy makers.
"As the most comprehensive insight into Australia's philanthropic landscape, the research offers valuable insights for every part of the giving community - in particular for not-for-profits (NFPs) looking to secure a sustainable future," Lloyd said.
"As a community, we must encourage more giving by normalising philanthropy, emphasising its impacts and making it as simple as possible. Trusted advisers continue to play an important role in educating and connecting clients to philanthropy.
"We encourage all Australians to consider structured giving as part of their financial and estate planning."
As trustee for about 1000 charitable trusts and endowments, Perpetual manages $2.6 billion in charitable funds (as at 31 December 2016). Each year Perpetual distributes more than $80 million to NFPs on behalf of clients and invests in strengthening the NFP sector.
This research builds on Giving Australia 2005 and was commissioned by the Department of Social Services (DSS) to assist the work of the Prime Minister's Community Business Partnership. The Australian Centre for Philanthropy and Nonprofit Studies (ACPNS), with the Centre for Social Impact (CSI) Swinburne and The Centre for Corporate Public Affairs, have partnered to undertake this research project.