June 03rd, 2022
The Give Where You Live Foundation in Geelong has announced it will making an annual ongoing financial commitment of one per cent of its total revenue to the Wadawurrung Traditional Owners Aboriginal Corporation.
The announcement, in National Reconciliation Week, will be followed by a formal change to the Foundation’s rules of incorporation at its 2022 AGM to enshrine the ongoing commitment.
The Foundation will make its first payment of approximately $40,000 to Wadawurrung next month.
Wadawurrung Traditional Owner and Manager Cultural Education Corinna Eccles said: “It is time for Wadawurrung People to be rightfully acknowledged.’’
Give Where You Live CEO Bill Mithen said the Foundation was committed to working towards reconciliation with the Wadawurrung People, who are the traditional owners of the land in the Geelong region.
“While this commitment in no way truly represents the value we all gain from the care and custodianship of the land the Wadawurrung have undertaken for millennia, it will be an enduring commitment towards achieving reconciliation and creating a fairer G21 community,’’ Mr Mithen said.
“Philanthropy generates hundreds of billions of dollars in revenue each year and public companies distribute the same in dividends,’’ he said. “All of this wealth is built on foundations of our First Nations People. Imagine the change that would occur if philanthropy and business made payments to our First Nations People simply as a matter of course. Allowing them the right to focus on their ambitions and aims and determine where that funding is spent,’’ he said.