News + Media

Charity crunch looms as sector wastes millions, says JBWere CEO Justin Greiner

May 24th, 2016

JBWere chief executive Justin Greiner says our wealthiest Australians could be giving billions more to charity but with 10 new charitable groups created each day, the sector is undermining its own cause.

Australia's first generation of billionaires – revealed this Friday in BRW's Rich 200 List – are less generous than their US and European counterparts, despite a spate of public acts of philanthropy from the likes of Paul Ramsay's Foundation, Andrew Forrest and David Gonski.

Greiner, who manages $20 billion for 45,000 clients at National Australia Bank's broking and private client arm, this week hosts the JBWere Social Leadership Program and social impact investing expert and Harvard Business School Professor Kash Rangan, to help wealthy clients navigate the fractious sector and get more bang for their philanthropic buck.

Read more | Financial Review

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