Australia’s biggest benefactors set philanthropy record
The Financial Review Philanthropy 50 list has notched up the biggest annual rise in value in its four-year history. However, next year might be a different story.
$748mTotal vale of the latest Philanthropy 50 list.
35pcRise in value since the 2016-17 financial year.
$153mThe biggest single donation, from the Paul Ramsay Foundation.
$4.3mThe cut-off to make the 2018-19 Philanthropy 50 list.
The amount of money given away by Australia's biggest philanthropists surged by one third in financial 2019 to $748 million, setting a record for the Financial Review Philanthropy 50 list.
"Normally overall giving in Australia rises in value between 5 and 6 per cent each year," says the list's compiler, John McLeod. "But this is a 35 per cent rise, the biggest annual jump we've seen from the largest givers. It's very impressive."
Philippa CoatesLife & Leisure deputy editorPhilippa Coates is deputy editor of The Australian Financial Review's lifestyle liftout, published online and in print. She is based in our Sydney newsroom. Connect with Philippa on Twitter. Email Philippa at pcoates@afr.com
