July 30th, 2015
Donor peak body Philanthropy Australia has thrown its support behind mining magnate and philanthropist Andrew 'Twiggy' Forrest after an ABC Four Corners report on the falling value of his charities which are linked to the price of iron ore.
Philanthropy Australia’s acting CEO, Chris Wootton, said right now Australia has a number of leading philanthropists who are changing the face of giving in Australia, and Andrew Forrest is one of them.
“Australia has a strong tradition of corporate Australia supporting the community sector - usually to assist those most vulnerable in our society,” Wootton said.
“Such philanthropic funds are derived from the personal and corporate wealth generated either as a dollar amount, or a percentage of profits – in good economic times and bad – regardless, those organisations that give a financial commitment to their philanthropic endeavours should be celebrated and supported for the good work that they do.
“Thanks to Andrew, and others like him, they encourage more of Australia’s wealthiest individuals and organisations to make a more positive contribution to our community.”
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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.