News + Media

Wealth creation supports a new sustainable philanthropy model

September 10th, 2015

Over the last few years in Australia, there has been an inspirational surge in large scale individual and family philanthropy, the challenge now is to galvanise corporate philanthropy.

In recent years we've seen the Lambert family's $34 million for medical research at the University of Sydney, Andrew and Nicola Forrest's $65 million endowment to the University of Western Australia, the establishment of Alex Waislitz's $50 million foundation, and the $200 million foundation set up by the Packer family in partnership with Crown Resorts. This generosity and vision follows that led by Bill and Melinda Gates and Warren Buffett in the USA, and is encouraging more philanthropy by Australia's high net worth individuals. This includes the next generation of Australian philanthropists, led by innovators such as Atlassian's Mike Cannon-Brookes and Scott Farquhar.

Read the full article - Australian Financial Review

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