July 31st, 2015
Mining magnate Gina Rinehart’s ambition to give away half her massive fortune is a potential 'game-changer' for philanthropy in Australia.
The acting chief executive of Philanthropy Australia, Chris Wootton, said he was happy to learn of the planned donation.
“If someone like Gina Rinehart committed to give a significant portion of her fortune to charitable causes, it would be a game-changer,” he said. “And if she were willing to talk openly about her philanthropy, I have no doubt she could convince many other wealthy Australians to do the same. The culture of giving in Australia is on the up; it’s really pleasing that we’ve seen a significant rise in giving including by wealthy Australians who give while they live rather than setting up a bequest.”
The Australian Government has announced a review of the Australian Charities and Not-for-profits Commission (ACNC) legislation.
Advocacy & Insight Manager, Krystian Seibert, outlines Philanthropy Australia's engagement with the review.
Sign up for a free edition of our weekly newsletter to have sector news, views and resources delivered straight to your inbox.