Australia's richest people are not increasing their charitable donations by as much as their wealth is rising, research shows.
According to the Australian Centre for Philanthropy and Nonprofit Studies, based at the Queensland University of Technology, donations by the country's wealthy were failing to match the good economic times.
The study found although average household income of the better off had increased by 36 per cent in 10 years, charitable giving had increased only from 0.36 per cent to 0.45 per cent, Fairfax newspapers reported.
Rich Australians were donating only 3 per cent of their net worth, compared to the 10 to 15 per cent given by their American counterparts.
"Above others, the affluent hold the key to non-profit ventures that really make a difference in the wider community," the study said. "They have the wealth to make transformational donations. However, their influence exceeds financial support. They are opinion leaders and trendsetters for the rest of the community."
Daniel Petre, from the Petre Foundation that commissioned the report, said Australia's rich needed to do more.
"If affluent Australians, those with total net assets exceeding A$30 million, placed just 20 per cent of their wealth in a private philanthropic foundation and used the income from this to support the charities of their choice, it would increase funding for charities between 40 per cent and 100 per cent overnight," he said.