A school building fund is a public fund established and maintained exclusively for providing money for the acquisition, construction and maintenance of a building used as a school or college. This only applies to buildings used by a government, public authority, or non-profit association.

Gifts to a school building fund will qualify for a tax deduction where the school building fund has been endorsed as a Deductible Gift Recipient (DGR) by the Australian Taxation Office and no material benefit is received by the donor.

You can check whether a school building fund is a DGR at www.abr.business.gov.au.

To be tax deductible, gifts must have the following characteristics:

  • They are made voluntarily.
  • They do not provide a material benefit to the donor.
  • They essentially arise from benefaction.

Gifts to a school building fund will not be tax deductible where the following material benefits are received by the donor:

  • A reduction in school fees.
  • The grant of scholarships to nominated students.
  • Raffle tickets.
  • Tickets to functions.

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