Sponsor the local footy club. Run a charity morning tea. Match a few thousand dollars when staff do a fun run. By the standards of corporate Australia, that’s a generous year. By the standards of corporate America, it barely registers.The numbers are not close. Australia has the lowest total giving as a share of GDP among comparable developed economies — 0.81 per cent, against 2.1 per cent in the United States. Philanthropic assets tell the same story: 4.8 per cent of GDP in the US, a fraction of that here.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Three ways Australian business can close the gap with American philanthropy
In the US, corporate giving is part of how a company tells its story. Australian corporate culture has never built that expectation.
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