INTHEBLACK March 2025 - Magazine - Page 40
P O D C AS T
WITH INTEREST PODCAST
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The With Interest podcast features economic updates and developments
for the business world. Here are some highlights from a recent episode.
to the podcast
THE POWER OF STRUCTURED
PHILANTHROPIC GIVING
Recent government reforms have put philanthropy in the spotlight.
Judith Fiander, CEO of Australian Philanthropic Services (APS), discusses
the power of structured giving and how it can help businesses achieve
their charitable objectives while also engaging future generations.
A WIN FOR ALL
“Structured giving is one of those rare things
in life that is genuinely a win-win-win
for absolutely everybody involved. First off,
there are the donors. They benefit immediately
with a tax deduction for the donation that they
make into the structure and that deduction can
be spread over up to five years. They also often
use the Private Ancillary Fund (PAF) as a
training ground for the next generation in
a couple of different ways: as an ethics and
values tool in terms of getting young people
engaged with giving and the social issues that
they are interested in, and as a practical
training ground for teaching the next
generation about dealing with the wealth that
they are going to inherit someday.”
GOAL IDENTIFICATION
“Australian Philanthropic Services (APS)
is charity-agnostic and cause-agnostic as well.
So when clients look to us in terms of support
around their giving, we meet our clients
where they are. A lot of our clients know
exactly where they want to give and what
charities they would like to make gifts to.”
“Other clients want more from us in the
giving space. They might need some support
grappling with a particular issue, working with
40 INTHEBLACK March 2025
JUDITH FIANDER, AUSTRALIAN
PHILANTHROPIC SERVICES
multiple generations or coming together
and formulating a giving strategy. They might
need some assistance in working out the
particular areas that they would like to
focus on.”
“We talk to our clients about where they
want to give and we can give them
information about particular charities, sector
areas or educational tools — whatever it is
that they need.”
YEARLY REFLECTION
“What we find is that people will establish
a structure or a giving fund, they’ve made
their initial donation and then they need
to, year on year, think about whether they
might want to add to that in terms of what
their tax planning looks like. But they also
are required to give away a minimum amount,
and that means that they have to think
regularly about what it is that they would
like to support in terms of causal areas and
individual charities.”
“We encourage clients to think about the
impact that their funding is going to provide,
to engage with the charity, to understand
and look at how they are working and what’s
coming out the other end in terms of
community impact.”
LISTEN
to the full
podcast episode
