Men’s Sheds and Women’s Sheds will be able to seek endorsement as a deductible gift recipient as from 1st July, 2020.
The purpose of Men’s Sheds and Women’s Sheds are to provide men and women with something useful to do (often for their local community), people to talk with, support and learning. This service is particularly useful for older members of the community who can become socially isolated, leading to feelings of despondency hopelessness and put them at an increased risk of clinical depression.
There are now almost a thousand Sheds in Australia (where the idea originated), and many more around the world. They have gained significant recognition in all communities for the good work they do.
The federal government intends to establish a new deductible gift recipient category (DGR) specifically for Men’s Sheds and Women’s Sheds as from 1st July, 2020. This will enable donations of $2.00 or more to Men’s Sheds and Women’s Sheds to be tax deductible for the donor.
We have significant expertise in the not-for-profit area, and would be delighted to assist any Men’s Shed or Women’s Shed to apply for DGR endorsement. Call us on 03 9898 6666.