australia’s biggest givers - jbwere · 2020. 10. 7. · may afrmagazine 21 the philanthropy 50...
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S TO RY BY PH I L I PPA COATES I L L U S T R AT I O N BY SAM BENNETT
20 AFRMAGAZINE MAY
THE PHILANTHROPY 50
Rank Name Cause area Grants 2019 ($m)
1 PaulRamsayFoundation
Strengthening sectorcapacity particularlyaround disadvantage,health, education
$153.0
2 MinderooFoundation
Research, cancer,modern slavery, buildingcommunity, earlychildhood, flourishingoceans, Indigenousdisparity
$75.4
3 JudithNeilsonFoundationand charitabletrusts
Arts, Judith NeilsonInstitute for Journalismand Ideas
$48.9
4 Estates ofJames andDianaRamsay
Art Gallery of SouthAustralia $38.0
5 IanPotterFoundation
Community wellbeing,arts, science,medicalresearch, health anddisability, education,environment
$28.4
6 Estates ofBruce andJenny Pryor
Medical research atAustralian NationalUniversity, University ofSydney'sWesley CollegeandHockey Club
$22.0
7 Lowy family LowyMedical ResearchInstitute and LowyInstitute for InternationalPolicy
$21.2
8 PrattPhilanthropies
Food security,mentalhealth, arts, education,cancer care, Jewish life,Aboriginal advancement,environment
$20.1
9 GrahamandLouiseTuckwell
Part of $100m for twohalls of residence atthe Australian NationalUniversity; partners theTuckwell ScholarshipProgram
$20.0
10 KinghornFoundation
Medical research,poverty and Australianyouth
$19.6
11 Susan andIsaacWakilFoundation
Nursing scholarships andhealth precinct at theUniversity of Sydney;Art Gallery of NSW
$17.3
12 GandelPhilanthropy
Arts, education, health &medical research, youthat risk, Jewish identity,Indigenous, poverty &disadvantage
$16.0
13 Estate of SheilaWoodcock
Health andmedicalresearch, social servicesand religion
$14.0
14 MyerFoundationand SidneyMyer Fund
Poverty & disadvantage,policy change initiatives,arts, sustainability &environment, education
$13.7
AUSTRALIA’SBIGGEST GIVERS
T HEPHILANTHROPY50LISTMEASURESTHE50 biggest individual givers in Australia eachfinancial year. And the 2020 list is a bumper. Thetotal is $748million, up from $554million for
2019. “Normally, overall giving in Australia rises in valuebetween 5 and 6 per cent each year, but this is a 35 per centrise, the biggest annual jumpwe’ve seen from the largestgivers,” says list compiler JohnMcLeod. “It’s very impressive.”To make the list you had to have donated at least
$4.3million, up from a cut-off of $3.6 million last year. Thebiggest giver is once again the Paul Ramsay Foundation,which increased its spend dramatically, from $85.8 millionto $153 million. Fortescue Metals Group chairman AndrewForrest and his wife Nicola’s Minderoo Foundation is againin second place, but it, too, upped its giving. Third is JudithNeilson’s foundation, up from 16th spot last year due to thecommencement of her staged, $100 million pledge foradvancing independent journalism.McLeod is co-founder of the JBWere Philanthropic
Services Division, which manages $8 billion in charitableassets across Australia and New Zealand. He begancompiling the Philanthropy 50 list exclusively for TheAustralian Financial ReviewMagazine in 2017.McLeod attributes some of the list’s increase to five
one-off bequests, when last year there were none. Thebiggest two were from the estates of James and Diana
Ramsay ($38 million) and Bruce and Jenny Pryor($22million). Then there was $14 million from the estate ofNewcastle woman Sheila Woodcock, who died aged 87 anddivided her unknown enormous wealth between 14charities. Queensland grazier Geoffrey Carrick left$9.85million to the Royal Flying Doctor Service andChildren’s Hospital Foundation, and HughWirth, theformer president of the Victorian RSPCA, left thatorganisation most of his $5.9 million bequest.“Bequests can be one-off big gifts or go into a
foundation, where the money is placed in a trust and thatgoes on to do great things over many years,” says McLeod,adding that the list was ruled off in June 2019, well beforethe bushfires hit. “What makes the huge increase amazingis that 2018/19 was an uneventful year with no naturaldisasters and the financial markets were pretty good.”The most popular causes are medical research,
universities and the arts, although this year included morepledges to the environment and housing support.These gains are against a backdrop of the continued
downward trend in the proportion of the population giving,measured by the percentage of people claiming a taxdeduction for charitable donations.McLeod warns that due to COVID-19, next year’s list
could struggle to make gains and even larger negativeeffects may be seen in 2020/21. ●
The value of the Financial Review Philanthropy 50 list for 2018/19 rose themost in the list’s four-year history. Next year might be a different story.
MAY AFRMAGAZINE 21
THE PHILANTHROPY 50
Rank Name Cause area Grants 2019 ($m)
15 StanPerronCharitableTrust
Disadvantage,particularly inWesternAustralia, improvingchildren's health, culturalenrichment
$13.6
16 NeilsonFoundation
Arts, youthdisadvantage,universities,medicalresearch andwelfare
$11.0
17 BlackmoreFoundation
National Centre forNaturopathicMedicineestablished at SouthernCross University
$10.0
18 VincentFairfax FamilyFoundation
Young peopleexperiencingdisadvantage in NSWand the remote northplus a spiritually richsociety
$10.0
19 Peter andLyndyWhiteFoundation
Increasing the supplyof housing for thosesuffering or at riskof homelessness,disadvantage
$9.9
20 Estate ofGeoffreyCarrick
Royal Flying DoctorServiceQld andChildren's HospitalFoundation, Qld
$9.9
21 Sylvia&Charles ViertelCharitableFoundation
Health andmedicalresearch $8.2
22 MillerFoundation
Health andmedicalresearch, social services,environment
$8.0
23 Hansen LittleFoundation
Part of $30m to house &support disadvantagedstudents at University ofMelbourne plus HansenTrust for arts
$8.0
24 DavidWinstonTurnerEndowmentFund
Part of $40m toTurnerInstitute for Brain andMental Health
$8.0
25 Ainsworthfamily
Health &medicalresearch atWesternSydney University &Children's MedicalResearch Institute;State Library of NSW
$7.5
26 Barry and JoyLambert
Part of $34m to establishthe Lambert Initiativefor CannabinoidTherapeutics atUniversity of Sydney
$7.5
27 WilliamBucklandFoundation
VulnerableVictoriansthrough housing,health, employment &education and regionalcommunities
$7.4
28 Eldon&AnneFooteTrust &subfund - LordMayor's CF
Environment, socialcauses, education,health, arts, heritage
$7.3
The amounts are those given to end recipients,mainly charities, in the 2018/19 financialyear, by Australian individuals, familiesand bequests, both directly and through
foundations. It does not include donations tofoundations, anonymous gifts or corporate
giving. With pledges and multi-year gifts, onlythe actual amount given to end recipients in2018/19 is included. Where the exact amountfor that year is not known, an average per yearover the term of the pledge is assumed. Wherethe term is not known, five years is assumed.Researched and compiled by John McLeodof JBWere Philanthropic Services. Sources
include the Australian Charities and Not-for-Profits Commission, Fundraising Research& Consulting, Fundraising & Philanthropy
Australasia and Pro Bono Australia.
HOW THE LIST IS COMPILED
Rank Name Cause area Grants 2019 ($m)
29 Packer FamilyFoundations
Arts, Indigenouseducation,medicalresearch, environmentand community
$7.2
30 AndrewThyneReidCharitableTrust
Arts, higher education,medical research,welfare
$6.1
31 StaffordFoxMedicalResearchFoundation
Medical research, publichospitals and universities $6.0
32 HaroldMitchell andFoundation
Florey Institute ofNeuroscience andMental Health, otherhealth, education andarts
$5.9
Rank Name Cause area Grants 2019 ($m)
33 Estate ofDrHughWirth
RSPCAVictoria,other animal welfare,education
$5.9
34 TimFairfaxFamilyFoundation
Arts, education &community initiatives inrural, remote & regionalareas inQueensland &theNorthernTerritory
$5.6
35 ShineOnFoundation
Social services,economic, socialand communitydevelopment
$5.6
36 JO& JRWickingTrust
Wellness and qualityof life for the aged andthosewith or at risk ofAlzheimer's
$5.6
Rank Name Cause area Grants 2019 ($m)
37 ScanlonFoundation
Improving socialcohesion particularlyfor the transition ofmigrants into Australiansociety
$5.3
38 SerpentineFoundation
University of Sydney,NeuroscienceResearch Australia,education and arts
$5.2
39 CharlesHolckner andfamily
Senior living andcommunity centrethrough Jewish Care
$5.0
40 Greg PocheandKayVanNorton Poche
Young adult hospice atManly Hospital, Sydney $5.0
41 Carl andWendyDowd
Florey Institute ofNeuroscience andMental Health
$5.0
42 CollierCharitableFund
Welfare, public hospitals,education and religion $5.0
43 McCuskerCharitableFoundation
Medical research& advancement ofscience, conservation/environment, education,arts
$4.8
44 BakerFoundation
Predominantlymedicalresearch but alsowelfareand children
$4.7
45 Percy BaxterCharitableTrust
Medical research andotherVictorian charities $4.7
46 Noel andCarmelO'BrienFamilyFoundation
Migrants, refugeesor asylum seekers,international aid
$4.6
47 HelenMacphersonSmithTrust
Education, community,arts, environment andhealth
$4.5
48 TheCharitableFoundation
International aid $4.3
49 SnowFoundation
Homelessness,domestic violence,disadvantage,education/employmentand Indigenous health,ageing, disability
$4.3
50 MedichFoundation
Arts, health andmedicalresearch, communityorganisations
$4.3
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