News + Media

Raising $1m to help bushfire and drought-affected communities

November 27th, 2019

It was the start of a nationwide shareholder tour that took Wilson Asset Management executives from Toowoomba and then cross-country to the Gold Coast, that drove the idea to raise $1million to help bushfire and drought-affected communities.

Wilson Asset Management chair and CIO Geoff Wilson said: “The sunburnt grass and smoky haze presented a painful image of the suffering that so many Australians are currently enduring.’’

“Many of our more than 80,000 shareholders live and work in areas affected by these natural disasters or they are worried for their friends and families who do.’’

So, Wilson Asset Management will match shareholders and supporters’ tax-deductible gifts to the Foundation for Rural and Regional Renewal Disaster Resilience and Recovery Fund.

FRRR CEO Natalie Egleton welcomed the commitment and said every donation to the fund would have a “long-term impact on the affected communities.’’

“The effect of bushfires and drought will not be the same in any two communities, so it’s critical that when the time is right, local leaders can access funds for whatever is most important to their community,’’ she said.

The fund has attracted a number of other donors, including author, editor and cosmetics entrepreneur Zoe Foster Blake’s Go To Skincare.

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