As a non-profit organisation SVA is reliant on the generosity of individuals, families and businesses, who have a desire to create social change through philanthropy, to fund our work. SVA has Deductible Gift Recipient (DGR) status and therefore any donations to SVA made by individuals, corporate entities or trusts are tax-deductible.
Approximately 35 per cent of our external funding comes from individuals (including families and family foundations) and the balance comes from corporations (direct or through corporate foundations or trustee companies). We do not seek government funding for SVA operational support although we administer grants on behalf of various government agencies, as part of specific government programs such as the Queensland Social Enterprise Partnership.
Revenue received by the School for Social Entrepreneurs Australia, which is currently auspiced by SVA, and funds allocated to SVA Future Trust and associated earnings have been excluded in every year. Revenue reported in the audited financial statements however does include these items.
We expect that internally generated income will become increasingly important in future years, which is part of our strategic intent to increase our sustainability.