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Health and Medical Research Philanthropy
The term philanthropy can be used broadly to encompass many activities. Philanthropic giving is the personal act of engaging and mobilising monetary resources, goods and services, institutions, time expertise and enterprise in order to provide support to the various wishes of the wider community.1
When we give, our sense of social responsibility compels us to want to be effective in our giving and to make a difference.2
Why give to health and medical research?
Health and medical research is commonly accepted as an activity that aims to benefit people and society in general, rather than specific individuals.
The scientists involved in health and medical research explore, gather and analyse what is known already about important health and medical issues, and use their findings to generate new knowledge, innovative or improved treatments, processes and policies for improving our health and quality of life.
Each and every one of us can contribute to our nation's research efforts to help fast track improved diagnostics and technologies to treat disease, to give Australians faster and improved access to health care services, and to ensure we continue to support our scientists. Philanthropic giving to health and medical research not only offers these opportunities but can provide a logical destination for giving that will have a clear community benefit.
Who can give to health and medical research?
Anyone can give to health and medical research including:
An individual giver wanting to make a one-off gift.
Individual philanthropists wanting to develop a planned giving program.
Founders or trustees of PPFs.
Trustee company staff responsible for administering a number of charitable trusts with different purposes, including health and medical research.
Grantmaking staff who work in a philanthropic foundation.
Grantmaking staff or donors to a community foundation.
Executors of an estate that involves a direct bequest to a health and research related cause.
A newly appointed trustee of a charitable trust who may not be sure where to start.
Trustees or grantmaking staff who want to revamp their grantmaking process or incorporate independent scientific advice into their decision-making.
Professional advisors seeking to help their philanthropic clients develop a giving strategy.
Corporate organisations whose giving program supports health and medical research.
Whether you are an individual giver, a trust and foundation or a corporate giver, every gift to health and medical research makes a difference.
How can I give to health and medical research?
Giving to health and medical research is easy. You may like to make a one off donation or support a long term health and medical research activity via the various philanthropic vehicles.
The Giving Matrix illustrates the different aspects of health and medical research that you can support within the current legal and taxation framework, and within the legal constraints of your particular philanthropic vehicle.
1 Source: Philanthropy Australia www.philanthropy.org.au
2 A Guide to Giving, Philanthropy UK, London, 2005.
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