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    Philanthropy

    This Month

    Over the next 10 years, we will see the largest intergenerational wealth transfer in Australia’s history.

    Philanthropy needs reform to be more inclusive and effective

    Philanthropy is not just for the 1 per cent. To maximise the impact of giving, all registered charities should qualify for tax-deductible status.

    • John Hartman

    July

    Barrenjoey-backed Community Capital raises $674m for credit fund

    Their management fees, net of operating costs, are donated by Community Capital to non-profits. 

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Carol Schwartz, Reserve Bank director and Trawalla Foundation chair, is advising the She Gives campaign to lift female philanthropy.

    Women called on to make nation more generous

    Total charitable giving in Australia is just 0.81 per cent of GDP, compared to 2.1 per cent in the US, and a new campaign is targeting women to turn it around.

    • Michael Bailey
    Carol Schwartz has been a powerful advocate for lifting female participation in the workforce and giving women a stronger voice in important political and social debates.

    Why women will supercharge philanthropy

    Australian women are poised to take charge of $3.2 trillion in the next decade. This will be the greatest wealth transfer in Australia’s history.

    • Carol Schwartz

    The $1m investment that will give you warm fuzzies and a tax deduction

    These funds are the vehicle chosen by many wealthy families – this is how they work.

    • Michael Hutton
    Advertisement

    The war in Gaza is dividing Australians. Business is worried

    Paul Bassat says Australia is fighting a “war of ideas” and losing; John Mullen says business people are too scared to say what they really think and Rod Eddington fears multiculturalism is under threat.

    • Patrick Durkin

    June

    Warren Buffett donates record $8b in shares to charity

    Warren Buffett has made his biggest annual donation since he began making them in 2006.

    • Jonathan Stempel
    Lisa Kingman at the headquarters of Ready Set, a clothing charity to which Tanarra Special Purpose offers pro bono advice.

    Don’t obsess on overheads, charities told

    With many charities stretched to the limit, John Wylie’s pro bono consultancy to non-profits has helped them take stock with a survey of what major givers are looking for.

    • Michael Bailey

    May

    Jennifer Westacott, Geoff Wilson and Philip Lowe in Sydney this month.

    How Geoff Wilson assembled his investment dream team

    Philip Lowe, Jennifer Westacott, Mike Baird, David Paradice, Andrew Forrest and Solomon Lew are among the heavy-hitters who have joined Geoff Wilson’s charitable mission to raise money for kids.

    • Patrick Durkin
    • Exclusive
    • AI
    Bevan Slattery

    Rich Lister entrepreneur’s final start-up will build underwater robots

    Bevan Slattery is arguably Australia’s most successful tech entrepreneurs of the last 20 years. He thinks he has one more start-up in him, and has big plans for reviving coral reefs.

    • Tess Bennett
    Melinda Gates.

    Melinda French Gates exits philanthropic foundation with $18.9b

    The Bill and Melinda Gates Foundation -– to be known as the Gates Foundation once she departs – is one of the biggest private foundations on the planet.

    • Updated
    • Sophie Alexander
    Peter Singer says he’s “surprised that I find myself now being criticised by some progressive leftists”.

    Left has abandoned free speech: Singer

    The Australian philosopher says: “What used to be things that were generally accepted by people on the progressive side of politics have shifted – and freedom of speech is a basic example.”

    • Nick Bonyhady

    April

    Benita Kam; Linda Penn and Josh Penn; Monika Tu; Gold Dinner 2023 at Sydney Town Hall.

    Inside the Gold Dinner, where $20m is raised in one night

    The rebooted charity gala proves that when it comes to bringing in serious money, it’s not about inviting who you know. It’s knowing who to invite.

    • Matthew Drummond
    Minderoo Foundation chief executive John Hartman.

    Forrest-backed Minderoo to become bigger philanthropic force

    The financial endowment behind Andrew and Nicola Forrest’s philanthropic Minderoo Foundation is expected to grow towards $40 billion by the end of the decade.

    • Brad Thompson

    Philanthropy 50: Which Australians gave away the most in 2023? 

    Donations from Australia’s biggest private givers have jumped to a record $1.25 billion.

    • Lisa Murray
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    Lindsay Fox arrives at the launch of the Paula Fox Melanoma and Cancer Centre in Melbourne on Friday.

    ‘What Paula wants, Paula gets’: Lindsay Fox’s $152m birthday surprise

    A high-profile birthday singalong broke out on billionaire Lindsay Fox’s birthday at the official opening of new $152 million Paula Fox Melanoma and Cancer Centre in Melbourne on Friday.

    • Patrick Durkin
    Minderoo Foundation chief executive John Hartman has swung the axe.

    Forrests’ $10b philanthropic foundation to cut 100 jobs

    Andrew and Nicola Forrest’s Minderoo Foundation will shed about a third of its workforce in an overhaul aimed at making better use of its iron ore endowment.

    • Brad Thompson
    The Australian Electoral Commission released data on the major donations on Tuesday.

    The corporate cost of the Yes campaign

    In some circles, there is now a perception that corporate alignment with a cause can alienate more voters than it persuades.

    • Samantha Hutchinson
    Michael Traill: “I do have a sense that if a broader segment of the population understood those issues, then perhaps the result could have been different.”

    Biggest donor to Yes campaign has no regrets

    The Paul Ramsay Foundation donated $7 million to the failed Voice referendum. The amount of cash “felt appropriate then” and still does now, says its chairman.

    • Samantha Hutchinson

    February

    Alex Vynokur, CEO of BetaShares and founder/director of United Ukraine Appeal, with Kateryna Argyrou, co-chair of the Australian Federation of Ukrainian Organisations and portfolio manager at Maple-Brown Abbott.

    Australia’s fund managers use new tactics to support Ukraine

    The public are still supportive, but as the war enters a third year, new tactics are needed to ward off the risk of donor fatigue or political distraction.

    • Updated
    • Hans van Leeuwen