Simon Lewis, Partner at GoodWolf Partners Fri, 24 Nov 2023
Philanthropy is on the cusp of a new era of public accountability as the expectations of our time change, and the probity and transparency conferred by the sector’s relatively new governing body, the Australian Charities and Non-For-Profits Commission (ACNC), start taking effect, says Simon Lewis, Partner at GoodWolf.
In one of the largest and longest-running philanthropic partnerships in Australian history, the Snow Medical Research Foundation (Snow Medical) announced this week that it will work with the Walter and Eliza Hall Institute to establish one of the world’s leading immunology research centres with an initial commitment of $100 million over 10 years. It will be called the Snow Centre for Immune Health, and the emphasis of the funding is to create the long-term capacity to allow scientists to pursue bold research programs. Ongoing investments are expected beyond 10 years.
One of Australia’s leading medical researchers, Professor Ian Frazer AC, who co-invented the cervical cancer vaccine, has joined with Philanthropy Australia to call for the nation to double charitable giving to medical research by 2030 from $1.5 billion to $3 billion. Philanthropy Australia has launched a new video telling the story of how philanthropy underpinned virtually all of Professor Frazer's early work.
Key findings from the Scanlon Foundation Research Institute’s annual report, released this week, show that people’s overall social cohesion has fallen and is at its lowest level since the study began in 2007, amid concerns around cost-of-living pressures and the impact of global conflicts. But the report’s lead author says there that while Australia is at a crucial junction, there are positives to build on, particularly that people indicate a strong connection to their local communities.
A significant expansion in career pathways for neurodivergent people in data and engineering is set to open following a $5 million boost to one of Australia’s fastest growing work-integration social enterprises from philanthropy. The Paul Ramsay Foundation (PRF) announced this week that it would partner with Australian Spatial Analytics (ASA) to provide a blended finance package incorporating $2.5 million in grant funding and $2.5 million in impact investment to the social enterprise’s national scaling plans.
Getting a job in Australia can be tough. If you’re a First Nations person, living with a disability, a newly arrived Australian or an ex-offender, it’s much tougher. But social enterprise incubator White Box Enterprises is fast developing a track record of start-up successes that are opening up the job market to people who had been facing barriers – one of which has just attracted a $5 million boost in funding from the Paul Ramsay Foundation.