Major Atlantic Philanthropies donations in Australia

The Atlantic Philanthropies, founded by Charles ‘Chuck’ Feeney, has announced major donations totalling A$102.5M to three Australian institutions - Brisbane’s Translational Research Institute, located at the Princess Alexandra Hospital ($50M), Queensland Institute of Medical Research ($27.5M), and Queensland University of Technology ($25M).

Reported in the ‘Australian Financial Review’ yesterday, 28 July 2009 (Link available for AFR subscribers only), The Atlantic Philanthropies has been working with federal and state governments to secure matched funding, resulting in a remarkable public-private partnership.

With this new grant, The Altantic Philanthropies has donated in excess of $500M to Australian institutions, mainly in Queensland and Victoria, going largely to medical research.

The Altantic Philanthropies are committed to spending down their entire endowment by 2020, granting approximately US$350M per annum till 2016. They fund in ageing; children & youth; population health; and reconciliation & human rights - in the following countries: Australia, Bermuda, Northern Ireland, the Republic of Ireland, South Africa, the United States and Viet Nam.

Jul. 29, 2009

 Tags: general

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