Many grant providers require applicants to have either Deductible Gift Recipient (DGR) or Tax Concession Charity (TCC) status.
A DGR is an organisation that is entitled to receive income tax deductible gifts and deductible contributions. Can your organisation issue a tax receipt for donations? If so, you probably have the DGR status required for grant applications.
A TCC is endorsed by the Australian Tax Office to access one or more of the following tax concessions:
- Income tax exemption
- Goods and services tax (GST) charity concessions
- Fringe benefits tax (FBT) rebate
- FBT exemption.
You can find out more information on the Australian Tax Office website.