Supporting Australia's Olympians: A Game-Changing Tax-Deductible Funding Initiative
The Australian Olympic Committee and the Australian Sports Foundation (ASF) have partnered together to launch the Aspiring Australian Olympic Funding initiative. This new initiative is a strategic fundraising platform designed to provide financial support to emerging Summer and Winter Olympians whilst enabling individuals and entities to make fully tax-deductible donations through the ASF, a registered Deductible Gift Recipient (DGR) under Australian tax law.
Under this initiative, all donations of $2 or more made through the Australian Sports Foundation are tax-deductible, providing an incentive for philanthropic giving. Depending on the donor’s marginal tax rate, the effective cost of a donation may be reduced by 32% to 45%, making it a cost-efficient way to support underfunded Olympic sports. For instance, a $1,000 donation could yield a tax refund of up to $450, bringing the net cost down to just $550.
Many of Australia’s Olympic athletes often earn below the national average and personally cover the costs of training, travel, and competition. By using the Australian Sports Foundation’s tax-deductible giving structure, this initiative opens the door for both corporate sponsors and individual donors to make a difference. Contributions not only help ease the financial burden on athletes but also directly support their preparation and performance.
How McInnes Wilson can help?
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You can find more information about McInnes Wilson Sports Law and transactional, advisory and tax experience here. Or contact our team:

Michael Fredericks
mfredericks@mcw.com.au
+61 7 3231 0420

Morgan Gallagher
mgallagher@mcw.com.au
+61 7 3231 0684