A Guide for Australian Donors
The 9th Edition of the Australian Charities and Not-for-profits Commission Charities Report was released this month which highlighted the prevalence of domestic giving in Australia. But in our ever more interconnected world, philanthropy has transcended geographical boundaries, giving rise to a new era of borderless giving.
Cross-border philanthropic institutions like Give2Asia Australia and Partners for Equity are providing regional pathways and options around tax treatment of donations to empower Aussies to provide a helping hand to others.
The new era of philanthropic globalisation has allowed Myriad – the alliance for borderless giving – to emerge, unlocking the full potential of international philanthropy. This new global network connects donors across four continents (Australia, Hong Kong SAR PRC, North America, and Europe) to charitable causes in more than more than 100 countries and territories.
In this article, we’re diving into how philanthropic globalisation can bring new opportunities for donors and not-for-profit organisations. We’ll explore how Myriad works, what it means for Australian donors, and how we’re enabling charitable donations across borders worldwide in a tax-efficient way.
What is Myriad?
Myriad is a global philanthropic alliance dedicated to helping donors overcome obstacles when giving across borders. “Through this alliance, our goal is to unlock the potential of charitable giving from anywhere, to anywhere,” says Birger Stamperdahl, President and CEO at Give2Asia.
Co-founded by Give2Asia and King Baudouin Foundation, we’ve built a network in which donors can support charities around the world with standardised services and fees—and in many cases, local tax benefits.
With Myriad, Give2Asia is now the ultimate destination for anyone seeking to make an impact on international programs in collaboration with local communities. Our services encompass a wide range of offerings, including streamlined grantmaking to charitable partners across the Asia-Pacific, Middle East, Europe, Africa, and Latin America through a single point of entry. The renowned due diligence, expertise, and risk mitigation processes that Give2Asia has been known for in the Asia-Pacific region are now extended globally. For corporations and foundations, we also provide country-specific research and assistance for employee engagement initiatives, along with comprehensive portfolio management for worldwide engagement programs. With this innovative relationship between member organisations, Give2Asia now serves as a one-stop shop for informed and effective international programs that partner with local communities.
What Cross-Border Giving Means for Australian Donors
Cross-border giving opens exciting possibilities for Australian donors. It enables Aussies to embrace international trends and support hard-to-reach communities beyond their local boundaries. Effective giving takes the spotlight, as the strategic use of cross-border tax incentives and intermediaries creates opportunities for donors to enhance their contributions. This approach not only maximises the value of donations but also ensures that funds are directed efficiently toward addressing crucial global challenges.
With Give2Asia’s expertise in international grantmaking and extensive network of local partners and knowledge sources, your impact can extend even further when giving through Myriad. This allows Australian donors to align their contributions with personal causes. Myriad offers flexibility, and by tailoring donations to match personal interests, you can feel a real connection to the causes you’re supporting, no matter where they are.
These can range from providing swift disaster responses to storms affecting the Asia Pacific to alleviating extreme poverty in Sub-Saharan Africa. Additionally, you can play a vital role in raising awareness about the Syrian refugee crisis, an unparalleled global humanitarian issue. You can now direct support to local leaders and community-based organisations that offer essential relief and assistance to displaced individuals and families.
The Path Forward
Considering the remarkable journey of cross-border giving and its potential for change, the path ahead calls us with promise and purpose. We extend an invitation to Australian donors to embrace global philanthropy, recognising the limitless opportunities that go beyond borders and create a significant impact on a global scale.
Imagine the ripple effects as we visualise the growing network of Myriad, tracing the connections that link continents, bringing together passionate people and unstoppable efforts.
Let’s enter the realm of collective progress, where giving beyond borders lead to meaningful impact. Together, we can shape a future without boundaries—a future of empowerment, compassion, and enduring change.
Ready to take the next step? Request a consultation or find a local partner to support.