Thursday, June 28, 2007

Charity an investment, not handout - Business - Business - theage.com.au

Charity an investment, not handout - Business - Business - theage.com.au: "AFTER poring over the accounts of Australia's charities, the number crunchers, deal-makers and database detectives at Perpetual have an agenda: they want to help charities lift their game.

Perpetual, which holds the largest charitable trust book in Australia totalling $1 billion, is tightening rules for charities.

David Knowles, Perpetual's head of philanthropy, said charity should be seen as an investment, not a handout."

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