November 11th, 2013
Westfield executive chairman Frank Lowy has revealed he and his family have given away $350 million over the past 10 years, making him easily Australia's No 1 philanthropist. Mr Lowy revealed the figure last night at a Philanthropy Australia event at the University of NSW to celebrate its Private Ancillary Fund.
In a conversation with Future Fund chairman David Gonski, in front of about 200 people, Mr Lowy urged others to get involved in philanthropy as he outlined the drive he had to support a range of causes. "I view money as a commodity, so I give it away," he said. "When you have a little, you give a little. When you have a lot, you give a lot."
By Sarah-Jane Tasker
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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.