December 02nd, 2015
As philanthropy announcements go, this is a big one. Ninety-nine per cent of social media titan's wealth will be transferred over the couple's lifetime. It's all about, in the words of the SEC filing, to "further the mission of advancing human potential and promoting equality by means of philanthropic, public advocacy, and other activities for the public good."
SARAH DAVIES: The more people behave like this, the more we talk about it, and the more we celebrate it, the better everybody will be.
WILL OCKENDEN: That's Sarah Davies, the chief executive of Australian's peak philanthropy organisation, Philanthropy Australia.
SARAH DAVIES: We certainly have seen, particularly, you know, over the last ten years in America, the public commitment of giving while they're alive, of their wealth.
WILL OCKENDEN: She says the trend of giving while alive has been slower to develop in Australia.
SARAH DAVIES: But in the last five or six years we have also started to see much more comfort with people talking about major gift-giving while they're alive and that sense of, you know, I actively want to participate in my giving now, for significant change.
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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.