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.
Key Statistics
- $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."
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