Thursday, November 17, 2005

The Financial Standard(Austrailia)-Advisers should provide advice for philanthropy too

The Financial Standard: "Advisers should provide advice for philanthropy too

Thursday, 17 Nov 2005 01:02PM

Financial planners should take a leading role in giving clients good advice not just with their finances but with their philanthropic needs.

At the Financial Planning Association (FPA) annual conference today, keynote speaker David Gonski, chairman of Coca-Cola Amatil and Investec Bank, said the nation is riding on a 'wave of giving' with many Australians donating a considerable portion of their savings to charity.

Many individuals who find themselves in a position to give back to the community would need advice on the right financial structure to do this, said Gonski.

Gonski added that last year the country donated $11 billion to non-profit organisations with a staggering 87 per cent of the population digging into their pockets for charity. "

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