As 31 March approaches it’s the perfect time to think about the benefits of giving. Many of our donors don't realise that New Zealand's tax system actively encourages philanthropy with a simple and powerful incentive: by donating during your lifetime you can make an even greater impact by receiving a 33% tax credit on donations*. This in turn encourages independent community -driven philanthropy.
Southland Foundation is here to help you maximize the impact of your charitable giving. Here’s how it works: When you donate through Southland Foundation, you can claim back one-third of your donation via a tax rebate. For example:
A $30 donation = $10 credit
A $300 donation = $100 credit
A $3,000 donation = $1,000 credit
Claiming your tax credit is easy. You can either:
Submit your donation receipts via your myIR account throughout the year
File a tax credit claim form (IR526) from April the following year
At Southland Foundation, we’re committed to helping strengthen our community. Whether you donate to your existing fund, contribute to a Community Group Fund, or give to the Southland Impact Fund, every gift helps build a thriving Southland community.
*Up to the level of income tax paid.
Make your giving go further. Please contact us for more information.
